We entered a purchase order for 4 plates at 100.00 each, but the actual vendor invoice was correct at $101.25 each.  So there was a price change in AP-C for  $5.00
 
PO-I-E  PO Receiving         (Correct) shows $105.00
JC-A  Job cost detail            (wrong)  shows $100.00
JC-P   Material in progress  (Correct) shows $105.00
JC-S   Work Order Detail      (wrong)  shows $100.00,  however it does show an extra line for qty of zero (not a qty of 4) but it  does have a unit cost of $1.25, but 0 x 1.25 =0, not $5.00
 
What am I doing wrong?  
 
Thanks
Laura  
 

Kelloggs,  if you run the reports I mention are yours different also?   This may have been a bug that has been fixed, because it wouldn't make sense for the reports to be wrong.  
 
What do you call a "substantial difference" ? So far I have been reversing ALL the POs  (unreceive the item and change the price, then receive it again, then invoice it.)  
My ADEF-A purchase order variance default GL account is 99800, but my differences post to WIP Inventory account 60888.  But I don't see how it would better unless the differences were going to the exact same account as the majority of the Purchase Order went to.  
 
Does your financial statements print out with "purchase order variance" ? I  hope there is a better way.  I am all ears too!
 
Thanks for the response.  
 
 
p.s.  
Quote from carolg on 05/02/13 at 12:27:35:

I am looking for a Purchase Price Variance report. I found "PO Price Change" PO-I-I but....It calculates the standard cost OK, but the actual cost is incorrect. An example is a part that we buy for $12; and the last transaction is a .20 change put in when the most recent bill was processed thru AP. So now the report says standard of $12 and actual of .20 with a PPV of $11.80.  Is this a bug in the report, or is there somewhere else to get a PPV report.

Also true in IN-N-A

 
 
Quote from GasGiant on 03/05/10 at 10:56:07:

If you use Standard in DEF-H then all of your transactions are done at standard, so it makes sense that your average is always equal to standard. All of your transactions will be at standard and any variance will be post to variance accounts. By choosing standard costing you are deciding to ignore actual costs during manufacturing and inventory control, as far as I can see.

 
 
Quote from Lynn_Pantic on 03/06/10 at 09:46:44:

Colin is correct.  If your costing method is set to Standard, then any corrections to cost in AP-C as a result of the vendor price on the invoice being different from the PO will post to the Purchase  Price Variance, not change the item Average Cost.

 
 
 

Me again  
 
We are using Average Cost on our company.
Scenery...(This time we purchase to Inventory, not to a work order)
 
Receive a PO at $10 dollars.
Invoice the PO as $12 dollars.
 
$10 and $2 are debit to our "Raw Material Account" and $12 to our "Accounts Payable".
 
Last Cost and Average Cost for that Item is $12 ( alleluia !!)
 

 
Kelloggs