FAQs: What is the Estimated Variance Cost in the Physical Inventory Editor?
Question:
What is Estimated Variance Cost in the Physical Inventory Editor?
Answer:
Estimated Variance Cost is calculated by multiplying the variance quantity by the item’s last calculated cost for that store. This value is an estimate only. The actual variance cost cannot be determined until the physical inventory is committed and costs are fully computed. Once the inventory is committed, the Physical Inventory reports will display the accurate variance cost.
Figure: Example of the Estimated Variance Cost Column
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