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From Flames To Fork, Comes Freedom • View topic - Std Costing - Purchase Price Variance

Std Costing - Purchase Price Variance

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Std Costing - Purchase Price Variance

Postby red1 » Wed Apr 13, 2011 8:34 am

Here i made a test where the Oak item is purchased at below its Std Cost so as to effect a PPV and also IPV (Invoice Price Variance) when Invoice Vendor is also different from standard cost price. Compare this to the case.

Image
Image

Note that the Purchase Receipt activity includes related Invoice Vendor transaction at one go.

Version tested on is Carlos Ruiz branch in .
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