Step 1: {Volume expansion formula}
\[\Delta V = V_0 \gamma \Delta T\]Step 2: {Volume change in terms of side length}
\[\Delta V = a^3 (3\alpha) \Delta T\]Step 3: {Determination of cube side length}
\[6a^2 = 24 \quad \Rightarrow \quad a^2 = 4 \quad \Rightarrow \quad a = 2\]Step 4: {Substitution of values}
\[\Delta V = 2^3 (3 \times 5 \times 10^{-4}) \times 10 = 1200 \times 10^{-4} \, m^3\]\[= 1200 \times 10^2 \, cm^3 = 1.2 \times 10^5 \, cm^3\]Consequently, the final answer is \( 1.2 \times 10^5 \, cm^3 \).