Complete the Following Statement: the First Law of Thermodynamics States

question 35

Multiple Choice

Complete the following statement: The first law of thermodynamics states that

• A)heat is a form of energy.
• B)entropy is a function of state.
• C)the entropy of the universe is increasing.
• D)the change in the internal energy of a system is given by - W.
• E)no engine can be more efficient than a Carnot engine operating between the same two temperatures.

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Definitions:

Absorption Costing

A bookkeeping approach that incorporates every manufacturing expense, both steady and fluctuating, into the product's total cost.

Net Operating Income

The profit generated from a company's everyday business operations, excluding expenses and taxes.

Fixed Manufacturing Overhead

The total of all costs that remain constant regardless of the level of production, including expenses such as rent, utilities, and salaries of permanent staff in a manufacturing setting.

Variable Costing

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, excluding fixed overhead costs.