🛒 Procurement & Purchasing
Purchase Price Variance Calculator
Measure the difference between an actual purchase price and a baseline or standard price.
Enter your figures
Results
Purchase price variance
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Variance per unit
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Variance %
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Favorable / unfavorable
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A negative variance means the actual purchase price is below the baseline. A positive variance means it is above the baseline.
Formula: PPV = (actual unit price − baseline unit price) × quantity.
How to use this calculator
What to enter
Enter or select the following as requested: Currency; Baseline unit price; Actual unit price; Purchased quantity. Follow the units, valid ranges, examples, and options displayed beside each field.
What the result means
The statistic summarizes the entered data using the measure named by the calculator. Results depend on the supplied observations and, where applicable, whether the data are treated as a sample or an entire population.
When to use it
Use this to summarize or compare a dataset. Check data quality, missing values, units, and the sample-versus-population convention before interpreting the statistic.