Skip to Content
author's profile photo Former Member
Former Member

Item cost variance

When in the item master the average moving cost price is 0.752.

When running the inventroy audit report, the value in the cost price column for the item is 0.75. And the cumulative value = cost price of 0.752 x units.

Why is the cost price in the audit report not the same as the cost price in the item master?

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Aug 13, 2008 at 03:22 AM

    Hi Lisa,

    The actual value and displayed value may be different. That is not a variance. It depends on how many decimal points in the form display.

    Thanks,

    Gordon

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.