Indigo Company's standard labour cost of producing one unit of product DD is 5 hours at the rate of $12.15 per hour. During August, 61,200 hours of labour are incurred at a cost of $12.45 per hour to produce 12,000 units of product DD. Calculate the labour price and quantity variances, assuming the standard is 5.15 hours of direct labour at $12.65 per hour