inventory variance
Definition
Difference between the actual number, amount, or volume of an inventory item and the balance shown in the inventory records. Such differences are summarized in the variance report that is prepared to record and rectify inventory control problems.
inventory variance is in the Accounting & Auditing, Banking, Commerce & Finance and Inventory Control & Storage subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/inventory-variance.html
email to a friend
print this definition
cite this definition
link to this page