The theoretical and practical capacity emphasize demand factors concepts emphasize supply factors, while normal capacity utilization and master-budget utilization concepts The six-month rates for the master-budget utilization concept are different because of seasonal differences in budgeted production Requirement 2. Compute the Denver Brewery's operating income when the denominator-level capacity is (a) theoretical capacity. (b) practical capacity, and (c) normal capacity utilization Begin by completing the following table to help you compute the operating income for each denominator-level capacity concept. (Round the rates to the nearest cont.) Denominator-level capacity concept Theoretical capacity Budgeted fixed MOH rate Per barrel Budgeted variable mfg Budgeted per barrel cost rate total mig cost rate Fixed MOH costs allocated