What Is Inventory Variance Report?

Answer

An inventory variance report is a report made in order to compare and know the difference between a previously made inventory quantity and your current correct inventory quantity. Furthermore, it will let you know what the actual number/amount of an item and the balance between inventory records. These differences are then being summarized into a report called inventory variance report.
Q&A Related to "What Is Inventory Variance Report"
An inventory variance report shows the difference between previous recorded inventory quantity and correct inventory quantity which is discovered immediately after a physical count.
http://wiki.answers.com/Q/What_is_inventory_varian...
Many overhead costs are variable costs, which means the actual cost can vary from month to month. Utility costs such as those for electricity, natural gas and telephone service fluctuate
http://www.ehow.com/info_8697582_factory-overhead-...
In business, a variance report is prepared to evaluate the operating efficiency of different aspects of (usually) a manufacturing company. Three main sections with two subsections
http://answers.yahoo.com/question/index?qid=201105...
Variance reports identify the differences between the budgeted
http://www.chacha.com/question/what-do-variance-re...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com