Volume and Capacity Are Both Terms for Measures of the "Size

question 2

Multiple Choice

Volume and capacity are both terms for measures of the "size" of three-dimensional regions.What statement is true of volume but not of capacity?

• A)Refers to the amount a container will hold.
• B)Refers to the amount of space of occupied by three-dimensional region.
• C)Refers to the measure of only liquids.
• D)Refers to the measure of surface area.

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Definitions:

Predetermined Overhead Rate

A rate used to allocate overhead costs to products or services, calculated in advance based on estimated costs and activity levels.

Direct Labor-hour

An alternative term for direct labor-hours indicating the individual hours of labor directly involved in the production process, crucial for cost calculation.

Predetermined Manufacturing Overhead

Predetermined Manufacturing Overhead is an estimated amount of manufacturing overhead costs that is assigned to each unit of product based on a predetermined rate, before actual costs are known.

Job F

Based on context, this could refer to a specific job identifier in job costing, tracking costs and revenue associated with a particular job.