What Are The Different Types Of Variances In Invoices? Describe Them.

1.	What Are The Different Types Of Variances In Invoices? Describe Them.
Answer» The different types of variances in invoices are listed and described as follows: QUANTITY Variance— If there is a DIFFERENCE between the quantity MENTIONED in the INVOICE and the quantity delivered. Price Variance— If there is a difference between the price mentioned in the invoice and in the purchase order. Quantity and Price Variance—If there are differences in both the quantity and price. Order Price Quantity Variance — If there is a difference between the price per ordered quantity, such as $50 per piece is mentioned on the purchase order but the invoice contains $60 per piece. The different types of variances in invoices are listed and described as follows:

Answer»

The different types of variances in invoices are listed and described as follows:

QUANTITY Variance— If there is a DIFFERENCE between the quantity MENTIONED in the INVOICE and the quantity delivered.
Price Variance— If there is a difference between the price mentioned in the invoice and in the purchase order.
Quantity and Price Variance—If there are differences in both the quantity and price.
Order Price Quantity Variance — If there is a difference between the price per ordered quantity, such as $50 per piece is mentioned on the purchase order but the invoice contains $60 per piece.

The different types of variances in invoices are listed and described as follows:

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