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Production Price Variance
I am just getting started with Netsuite, and working on the Chart of Accounts. It has been a few years since I worked with Standard Cost, which is what our company is going to use. For the life of me, I can't figure out how you can have a production price variance. The description in Netsuite Help says it happens when a component part has a different price. If you are using standard cost, that variance would get captured in Purchase Price Variance when the item is received. It should then follow the rest of the process at standard cost,