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 No Variance case.

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

Version tested on is Carlos Ruiz branch in Kenai.
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