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.

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Bell Computers Variance Summary for the Year Ended December 31, 2021 ($ 3,600) favorable 3,900 unfavorable (1,650) favorable 5,650 unfavorable Material price variance Material quantity variance Labor rate variance Labor efficiency variance Controllable overhead variance 2,550 unfavorable 4,270 unfavorable Overhead volume variance Total $ 11,120 unfavorable