standard price variance |
|
Definition
Difference between the actual cost associated with the acquisition of an item, and the amount recorded in inventory accounts as the standard unit cost.
email to a friend
print this definition
cite this definition
link to this page
standard price variance is in the Accounting & Auditing and Purchasing & Procurement subjects.
This content can be found on the following page:
http://www.businessdictionary.com/definition/standard-price-variance.html







