Procurement & Supply Chain / Finance
Purchase Price Variance PPV (aliases: price variance, material price variance MPV)
The gap between what you actually paid for a material and the standard price the books expected.
The fork, why two teams get different numbers
Which reference price, and which sign convention.
In the Metric Library
- The full fork, both definitions worked all the way through
- The trap that makes the number lie, on a real export
- Every formula variant, spelled out
- The reconciliation anchor, what to tie it to and when to refuse
Reference: GAAP/ASC 330 (standard costing / inventory) · APICS/SCOR