Cost Component Mapping for Variance in Standard Costing Method

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Cost Component Mapping for Variance in Standard Costing Method—

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Do we need the Cost Component mapping for Invoice Price Variance or any other variance in Standard Costing method. We generally mention ITEM_PRICE and NON_RECOVERABLE_TAX, do we need to map EXCHANGE_RATE_VARIANCE or INVOICE_PRICE_VARIANCE or TAX_RATE_VARIANCE? In standard Costing method it will always be posted to PPV so why do we need to define these components?

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