i need theoretical,practical and normal please!

= Homework: C... Question 16, P9-37 (simil... HW Score: 96.82%, 19.36 of 20 points Save Part 11 of 13 Points: 0.46 of 1 Tolman Lager has just purchased the Boise Brewery. The brewery is two years old and uses absorption costing it will ser is product to Tolman Lager at 545 per barrel Peter Bryant, Tolman Lager's controller, obtains the following information about Boise Brewery's capacity and budgeted food manufacturing costs for 2017 Click the icon to view the information ) Read the requirements Normal capacity utilization 10 14 30 25 40 39 26,364,000 Now computo the operating income for each capacity concept one at a time Label the vanances as favorable (F) or unfavorable U) (Enter a O" for any zero balance accounts) Theoretical capacity Revenues Cost of goods sold Beginning inventory Vanable manufacturing costs Fred manufacturing overhead cost located Cost of goods available for sale Deduct ending inventory Adjustment for variances Cost of goods sold Gross margin Other costs Operating income Data Table Denominator-Level Capacity Concept Theoretical capacity Practical capacity Normal capacity utilization Master-budget capacity utilization for each half year: (a) January-June 2017 (b) JulyDecember 2017 Budgeted Fixed Days of Hours of Manufacturing Production Production Barrels per Overhead per Period per Period per Day Hour $ 28 000,000 362 22 600 28,000,000 354 20 500 28,000,000 354 20 390 $ 177 20 340 14 000 000 14,000,000 $ 177 20 440 ni Print Done Une aid due the variances as favorable () or unfavorable (Enter 1 . Requirements 0 1. Compute the budgeted fixed manufacturing overhead rate per barrel for each of the denominator-level capacity concepts Explain why they are different 2. In 2017, the Boise Brewery reported these production results Beginning inventory in barrels, 1-1-2017 Production in barrels 2,600,000 Ending inventory in barrels 12-31-2017 200,000 Actual variable manufacturing costs $ 78,650 000 Actual fixed manufacturing overhead costs $ 27,600,000 There are no variable cost variances, Fixed manufacturing overhead cost variances are written off to cost of goods sold in the period in which they occur Compute the Boise Brewery's operating income when the denominator-level capacity is (a) theoretical capacity, (b) practical capacity, and (c) normal capacity utilization Print Done TH