Purchase Price Variance

Purchase Price Variance is comes under which account head for manufacturing industry
Replies (3)
Quick Summary
This discussion clarifies that Purchase Price Variance is a distinct concept within standard costing, not a specific account head itself. While standard costing is a separate management tool used for analysing profit variances, the purchase price variance is an outcome of this analysis. It helps businesses understand discrepancies between budgeted and actual costs.

Purchase price variance is a seperate concept under standard costing.
Ok, But it comes under which account head???
Standard Costing is a seperate subject and a different mangement tool used to analyse variances in profit budgeted and actual profit.

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