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Purchase price variance (PPV) measures the difference beppv inventory meaningtween the actual price paid for goods/services and the standard price. Favorable PPV indicates cost savings through effective sourcing and negotiations, while。

PPV is the difference between a product or service’s purchase and selling price. This calculation considers discounts, rebates, allowances, and other deductions from the。

The actual cost may have been taken from an inventory layering system, such as a first-in first-out systppv inventory meaningem, where the actual cost varies from the current market price by a。

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