What is the difference between invoice price variance and
purchase price variance?
- 4 Answers
- 49914 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
Scenario: I have 3 AR invoices. 1. Inv1 - $1000 2.Inv2 - $2000 3. Inv3 - $3000 I am ceating receipt for $6000 against the 3 above invoices. Question: Can I reverse the receipt $2000 for Inv2 alone? If so How can I do that? please help.
can anyone explain roll back in FA?
What are the different Payments documents ?
how many set of books required if you have 3 different type of currencies viz, rs, dollar and euro?
if you are not having a cashmanagement module how to reconcile or how to clear the transactions?
what is the difference between debit memo and credit memo on oracle AR
What is Difference between Internal Sales order and Intercompany Sales order ? How they are Different in 11i and R12
Define the Multi Org ? What is difference between 11i and 12i Multi Org Structure ?
What is meant RD020
Is it possible to import invoices of a specific Sales Order?
What are the depreciation methods used in FA module?
What are the different ways for automatic closure of a Manually Created Purchase Order if the item selected for the Purchase Order is an Outside Processing Item and the Purchase Order is linked to a Work Order?
Oracle Apps Technical 
