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In Procurement, Purchase Price Variance (PPV) is the difference between the standard price of a purchased material and its actual。

Purchase price variance (PPV) is a measure of the difference between the actual cost paid for a product or raw material and the standard cost that was expected to be paid. It is a common concept in cost accounting and is used to evaluate the。

Purchase price variance (PPV) measures the difference between the actual price paid for goods/services and the standard price. Favorable PPV indicates cost savings through effective sourcing and。

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