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For Questions , use the following narrative
Narrative: Talent and gender
Suppose a talent contest is looking for people who can either sing or act.900 people tried out for the first round of auditions, 300 women and 600 men.Of the men who tried out, 55% of them were allowed to go on to the next round, compared to 42% of the women.However, if you break the data down by singing versus acting auditions, the relationship changes.For acting, 20% of the women made it through, compared to 15% of the men; for singing, 85% of the women made it through, compared to 75% of the men.
-{Talent and gender narrative}What is the statistical phenomena that occurred in this situation?
Overhead Controllable Variance
The difference between the actual overhead incurred and the overhead costs that should have been incurred, based on a standard or budget, that management had control over.
Budgeted Overhead
The estimated costs for running a business, not directly tied to production but expected to occur within a specific budget period.
Actual Overhead Costs
The real expenses incurred in the manufacturing process that are not directly tied to production, such as utilities and rent for factory space.
Overhead Variances
Differences between the actual overhead costs incurred and the standard costs for the overheads that were budgeted for a period.
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