Theoretical capacityPractical capacityc. Normal capacity utilizationd. Master$-$budget capacity utilizationMeasures the denominator level in terms of what a$1.$ plant can supply$2.$ Is based on producing at full efficiency all the timeRepresents the expected level of capacity utilization$3.$ for the next budget periodMeasures the denominator level in terms of demand$4.$ for the output of the plantTakes into account seasonal, cyclical, and trend$5.$ factorsShould be used for performance evaluation in the$6.$ current year$7.$ Represents an ideal benchmark$8.$ Highlights the cost of capacity acquired but not used$9.$ Should be used for long$-$term pricing purposes$10.$ Hides the cost of capacity acquired but not used I used as the denominator$-$level concept, would avoid the restatement of unit costs when expected