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Purchase price variance (PPV) is the difference between the standard cost (also known as baseline price) paid on a specific item or service and the actual amount you paid to acquire it. PPV can be either favorable or。

What is PPV (Purchase Price Variance)? It is 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。

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。

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