The variance summary for Bell Computers is as follows:

Required
Prepare a journal entry to close the variance accounts at Bell Computers. Assume that the total variance is not material and is closed to cost of goods sold.

Transcribed Image Text:

Bell Computers Variance Summary For the Year Ended December 31, 2018 ($ 3,600) favorable 3,900 unfavorable Material price variance Material quantity variance (1,650) favorable Labor rate variance Labor efficiency variance 5,650 unfavorable Controllable overhead variance 2,550 unfavorable Overhead volume variance 4,270 unfavorable $ 11,120 unfavorable Total