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 materials variance between the actual results and the flexible budget?
Definitions:
Systematic Risk
The risk inherent to the entire market or market segment, also known as market risk, which cannot be avoided through diversification.
Asset-specific Risk
The risk that affects the value of a particular asset, such as changes in its market or sector, distinct from market-wide risk.
Unsystematic Risk
The risk associated with an individual asset or investment, distinct from market-wide risks.
Risk-free Rate of Return
The theoretical return on an investment with zero risk, typically based on government bonds.
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