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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。

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。

In the context of procurement and supply chain management, PPV stands for Purchase Price Variance. It represents the difference between the standard cost of an item and its actual purchase cost, reflecting discrepancies due to market。

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