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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, muppv meaning supply chainltiplied by the quantity purchased. This variance is key in procurement,。

Purchase price variance (PPV) measures the difference between the actual price paid for goods/services and the standard price. Favorable PPV indicates cost savings through effective sourcing and。

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