Use the following performance report for a cost center of the Dry Cat Food Division for the month ended December 31 to answer the question below. 
- What is the direct materials variance between the actual results and the flexible budget?
Definitions:
Company's Earnings
Company's earnings refer to the profit a company makes after deducting all costs and expenses from its total revenue.
Interest
The cost of borrowing money or the return earned on investments, calculated as a percentage of the principal amount.
Accounting Methods
Accounting methods are the specific rules and procedures used by businesses to record and report their financial transactions.
Persuasively Argued
Effectively presented reasoning or argumentation that convincingly supports a particular position or point of view.
Q27: The market price must be included in
Q43: A company expects to begin the coming
Q59: Why might stock options not be the
Q60: As the staff accountant for Investment
Q62: In activity-based costing, the first step in
Q63: For a bank, a credit check of
Q96: A company pays for 25 percent of
Q101: Fixed costs that change for activity outside
Q115: Straight-line depreciation on the controller's computer is
Q129: The typical relationship between variable costs and