Refer to the information in E10-16 regarding Slim Shady Company.

Required:

Prepare the journal entry to record SSC’s fixed manufacturing overhead transactions for August assuming that overhead is applied using a fixed overhead rate based on budget production.

Data from 10-16

Slim Shady Company (SSC) calculates a fixed overhead rate based on budgeted fixed overhead of $30,000 and budgeted production of 24,000 units. Actual results were as follows:

Transcribed Image Text:

Number of units produced and sold Actual fixed overhead 25,000 $29,000