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