The variance summary for Bell Computers is as follows: Required Prepare a journal entry to close the
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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, 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
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Cost of Goods Sold 11120 Material Price Variance 36...View the full answer
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