Consider the Formation of Ammonia: 2N₂+ 3H₂ → 2NH₃

question 20

Multiple Choice

Consider the formation of ammonia: 2N₂+ 3H₂ → 2NH₃
Which substance has the greatest rate of formation/loss in the reaction?

• A) nitrogen
• B) hydrogen
• C) ammonia
• D) They all change at the same rate.

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Definitions:

Overhead Volume Variance

A measure used in cost accounting to determine the difference between the allocated overhead costs and the actual overhead costs incurred.

Fixed Overhead Rate

A predetermined rate used to assign fixed overhead costs to cost objects, based on a specific activity level or base.

Normal Capacity Hours

The amount of production capability a company can expect to achieve under normal circumstances over a specific period.

Quantity Labor Variances

The variation between the actual number of labor hours utilized and the expected hours, usually impacting the cost of production.