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

Read more: Cost Variance: Definition, Formula and Examples Whppv inventory meaningy is PPV important? Most manufacturers agree that raw materials take up most of their running costs,。

What is Purchase Price Variance (PPV)? Companies that are selling products are either in control of the manufacturing or implppv inventory meaningementation。

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