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25Hello, has anyone seen the following error?(we are using standard costs) It seems the system is taking into account both the activated standard cost and the last purchase price when calculating the purchase price variance.
"There exists variance XXXX between total standard cost variance and total inventory cost adjustment. It will be posting as rounding variance."
We purchased the item for $9,000 with an activated standard cost of $8,935.34 this leads to the expectation of a $64.66 purchase price variance. However, the system will post the variance from the last purchase price ($9K-$7,439.20 = $1560.80) to the PPV account then post the difference between $1560.80(last purchase price variance) and the $64.66(expected purchase price variance) of $1,496.14 to the rounding variance account. Every month, we are taking the rounding variance accounts and manually adjusting the rounding variance amounts back to the PPV account.
How can I get this behavior to only post the expected purchase price variance of $64.66 and stop the system from calculating the last purchase price variance?
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