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Purchase Price Variance Report

The Purchase Price Variance Report shows the variance between the purchase price on the purchase order and standard cost for all items you receive and deliver into inventory and work in process. Inventory records purchase price variance on delivery into a subinventory. Work in Process records purchase price variance on delivery into a job or repetitive schedule. For internal requisitions, the purchase order ship to location is associated with the organization in the Customers window. See: Assigning a Business Purpose to a Customer Address.

The purchase price variance is calculated as the quantity received multiplied by the difference between the purchase order price and the standard cost.

Prerequisites

Since this report displays purchase price variances for standard costing, this report is appropriate only for organizations using Inventory and standard costing. If you use Work in Process, this report also displays the outside processing purchase price variance.

Report Submission

In the Cost and Period Close Reports (for Inventory) or Submit Requests windows, select Purchase Price Variance Report in the Name field.

Report Parameters

Categories From/To

Enter the beginning and ending purchasing categories.

Transaction Dates From/To

Enter the beginning and ending transaction dates.

Suppliers From/To

Enter the beginning and ending suppliers.

Organization Name

Enter the organization name. The ship to location is associated with the organization in the Location Association window.

Sort By

Choose one of the following options:

Buyer Name Sort the report by buyer name.
Category Sort the report by item category.
Item Sort the report by item number.
Supplier Sort the report by supplier.

Dynamic Precision Option

Enter the decimal precision for quantities on the report.

See Also

Submitting a Request

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