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We use Standard Costing for our manufactured items. After running inventory close, we noticed that Purchase Price Variance (PPV) and Production Variance are being posted as a single combined amount in the General Ledger.
From an audit perspective, there is a requirement to see these variances separately at a summary level, as this breakdown is expected as part of the standard cost reconciliation process. We reviewed the variance ledger account setup in Posting Profiles, and the accounts appear to be correctly configured and mapped by cost group. However, the resulting vouchers are still being posted in a summarized manner without the variance-type breakdown.
Has anyone encountered a similar requirement?
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