21) On January 2, 2018, Baltimore Company purchased 6,000 shares of the stock of Towson Company at $12 per share.Baltimore did NOT obtain significant influence as the purchase represents a 15% ownership stake in Towson Company.On August 1, 2018, Towson Company paid cash dividends of $19,000.Baltimore Company intended this investment to a long-term investment.On December 31, 2018, Towson Company reported $80,000 of net income for FY 2018.Additionally, the current market price for Towson Company's stock increased to $18 per share at the end of the year.Use this information to determine, how much Baltimore Company should report for its investment in Towson Company on December 31, 2018. (Round to the nearest dollar.)

22) Frederick Company has two service departments (Cafeteria Services & Maintenance).Frederick has two production departments (Assembly Department & Packaging Department.)Frederick uses a step allocation method where Cafeteria Services is allocated to all departments and Maintenance Services is allocated to the production departments.All allocations are based on total employees.Cafeteria Services has costs of $285,000 andMaintenancehas costs of $275,000 before any allocations.What amount of Maintenance total cost is allocated to the Packaging Department?(round to closest whole dollar) Employees are:

Cafeteria Services3

Maintenance3

AssemblyDepartment11

Packaging Department11

23) Bowie Sporting Goods manufactures sleeping bags.The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows:

Direct material of 6.00 yards at $5.50 per yard

Direct labor of 3.00 hours at $18.00 per hour

Overhead applied per sleeping bag at $18.00

In the month of April, the company actually produced 4,900 sleeping bags using 25,200 yards of material at a cost of $5.90 per yard.The labor used was 11,500 hours at an average rate of $20.50 per hour.The actual overhead spending was $96,200.

Determine the materials price variance and round to the nearest whole dollar.Enter a favorable variance as a negative number.Enter an unfavorable variance as a positive number.

24) Bowie Sporting Goods manufactures sleeping bags.The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows:

Direct material of 4.00 yards at $6.00 per yard

Direct labor of 2.00 hours at $18.00 per hour

Overhead applied per sleeping bag at $18

In the month of April, the company actually produced 5,100 sleeping bags using 26,800 yards of material at a cost of $5.30 per yard.The labor used was 13,000 hours at an average rate of $19.50 per hour.The actual overhead spending was $96,200.

Determine the labor quantity variance and round to the nearest whole dollar.Enter a favorable variance as a negative number.Enter an unfavorable variance as a positive number.