difference between purchase price variance and invoice price
variance???

Answer Posted / mohammad kamal siddique

- Purchase Price Variance: Difference between purchase
order cost and standard cost, such as
P.O COST - STANDARD COST = PPV
12 - 10 = 2
- Invoice Price Variance: Difference between purchase price
and Invoice price, such as

PP - IP = IPV
12 - 10 = 2

Is This Answer Correct ?    7 Yes 1 No



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