What is the difference between invoice price variance and
purchase price variance?
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Answer / arta napitupulu
invoice price variance = invoice price - po price
purchase price variance = std price - actual price
| Is This Answer Correct ? | 59 Yes | 16 No |
Answer / k.narayanasamy
IPV=Invoice price-PO Price
PPV=STD Price-PO Price (It is using only in the Standard
cost organization).
| Is This Answer Correct ? | 25 Yes | 7 No |
Answer / nagendra
For purchased items, if the standard cost differs from the
actual purchase price, you have a purchase price variance
(PPV).
Variance are Difference between the PO Price and Invoice
Price i.e
IPV - Inv Qty*(INV Price - PO Price )*Inv Rate
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / aravind reddy
difference betwen invoice price and purchase order price
this difference goes to the invoice price varience and
purchase price varience account in inventory organaisation
| Is This Answer Correct ? | 14 Yes | 18 No |
HI, once we create the standard invoice then we can get journal entry item expense a/c-dr to liability a.c then item it will reflect through inventory, but liability a/c . it will reflect from GL , it is possible .
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