Academically speaking, AC voltage rating partly comes down to how you measure it. For AC power, there are different methods for rating the voltage of the sine wave: Peak-to-Peak, Root-Mean-Square, Average Voltage, etc.
Which gets used depends mostly on who you are talking to and what that person plans to do with the energy. An electrical engineer, who is likely to care about
power, will probably use RMS voltage, as that more accurately captures the area under the curve. (This is the value most directly analogous to a DC voltage.)
Convert between peak, peak-to-peak, rms, and average AC voltage quantities.
testguy.net
Couple the different methods with the real-world variability of power delivery at a distance, and the number could be +/- 30% or more.