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Std Costing - Purchase Price Variance

PostPosted: Wed Apr 13, 2011 8:34 am
by red1
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 No Variance case.


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

Version tested on is Carlos Ruiz branch in Kenai.