Use the following performance report for a cost center of the Dry Cat Food Division for the month ended December 31 to answer the questions below. 
Using the information provided for Dry Cat Food division.
-What is the direct labor variance between the actual results and the flexible budget?
Definitions:
Rational Person
An individual who systematically and logically evaluates options to make decisions that maximize their personal benefit or utility.
Present Value
The present worth of a sum of money or series of cash flows anticipated in the future, calculated using a certain rate of return.
Consumption Plan
An outline of how individuals or households intend to allocate their income towards consumption goods and services over a period.
Interest Rate
The cost of borrowing money or the reward for saving it, typically expressed as a percentage of the principal amount per year.
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