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What is the difference between invoice price variance and
purchase price variance?

Answers were Sorted based on User's Feedback



What is the difference between invoice price variance and purchase price variance?..

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

What is the difference between invoice price variance and purchase price variance?..

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

What is the difference between invoice price variance and purchase price variance?..

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

What is the difference between invoice price variance and purchase price variance?..

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

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