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Casife Lager's controller, obtins the following information about Denver Brewery's capacity and budgeled fleed manusacturing costs for 2020 (Cick the icion to view tho information) Read the wagiennontil- Requirement 1. Compule the budgeted foxed manufactuing overhead rate per bame for each of the denominator-Huvel capactiy concepts Explain whiy thay are diflerent Begh by determing the formula to calculate the budgeted foxed manufacturing overtiead rate per barrel, then compute the rate for each of the Genominatortivel capaciy concepts tarhyoulations used. Budg = budgeted, MOH= manufacturing overhead Round the rates to the nearest cent.) Requirements 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 2020 , the Denver Brewery reported these production results: 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 Denver Brewery's operating income when the denominator-level capacity is (a) theoretical capacity, (b) practical capacity, and (c) normal capacity utilization