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.

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