purchase price variance: The difference in price between the amount paid to the supplier and the planned or standard cost of that item.
Define purchase price. purchase price synonyms, purchase price pronunciation, purchase price translation, English dictionary definition of purchase price. Noun 1. purchase price - the price at which something is actually purchased price, terms, damage -
1.The state or quality of being variant or variable; variation:considerable variance in temperature across the region. 2. a.Difference or inconsistency:Your behavior is at variance with your beliefs. b.The state or fact of being in disagreement or in conflict:I am at variance with her over ...
purchase price Purchase Price Accounting Purchase Price Allocation Purchase Price Multiple Purchase Price Variance Purchase Prices Purchase Prices Purchase Prices ▼Facebook Share Twitter Site: Follow: Facebook Twitter Rss Mail Share: Facebook Twitter LinkedIn Mail Open / Close More...
Required:Calculate Direct materials price variance. Solution: The $150 variance is favorable because the actual price is less than the standard price, and $0.03 expresses the unit cost difference. This variance is calculated at the the time of purchase of materials so this variance is typically ...
Examples ofVariancesin a sentence Variancesbetween planned and actual expenditures will need to be assessed and explained. Variancesin goods and services may be waived upon approval by the Purchasing Agent, in his or her absolute discretion.
In standard costing, how is the purchase price variance reclassified to arrive at actual cost? Why does a bond's price decrease when interest rates increase? What is the difference between cost and price? What is callable stock? How do you compute a selling price if you know the cost and...
(p.1)Source:BunkerHillFinancialsTheBainteamfoundthatmaterialsaccountedforasubstantialproportionofBunkerHill’scostsinallthreebusinesssegments.CostsCustomersCompet-itors34BusinessDefinitionBunkerHill-DirectCostSharing(p.2)*IncludesgatesandelectronicsSource:PurchasePriceVarianceReportHowever,inpeelingtheonion,theteam...
The meaning of OUT is in a direction away from the inside or center. How to use out in a sentence.
Sales price variance is a measure of the gap between the price point a product was expected to sell at and the price point at which the product was actually sold. The variance can be favorable, meaning the price was higher than anticipated, or unfavorable, meaning the price failed to meet ...