HairLair Company makes a hair shampoo called Sweet and Fresh. Each bottle has a standard material cost of 8 ounces at $0.85 per ounce. During May, Hairlair manufactured 11,000 bottles. They bought 89,000 ounces of material at a cost of $74,760. All 89,000 ounces were used to make the 11,000 bottles. Calculate the material price variance and the material quantity variance.