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Purchase price variance (PPV) is a measure of the difference between the actual cost paid for a product or raw material and the standard cost that was expected to be paid. It is a common concept in cost accounting and is used to evaluate the。

Purchase Price Variance (PPV) is the financial discrepancy between the actual price paid for an item and its predetermined standard price, multiplied by the quantity purchased. This variance is key in procurement,。

What is PPV (Purchase Price Variance)? It ppv meaning supply chainis the difference between the budgeted or standard price of an item and the actual amount paid to acquire that item. Think of it as a financial reflection of how a company’s。

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