What is the difference between invoice price variance and
purchase price variance?
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Answer Posted / 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 |
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