Windy City manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $2 per pound. During November 600 pounds of raw materials costing $4 per pound were used in making 540 weather vanes. The materials price and quantity variance are:

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)