Hello
The output material of production order is valuated at standard price.
I would like to clarify how the variance calculated in this case.
I guess it equals to
actual costs - total GR from production order at standard price
I realized that the variance calculation method depends on how material is valuated. If material is valuated at average moving price then te variance calculated as follows :
actual costs - planned costs
Please confirm or argue my suggestions as I am not sure
Thanks