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MPV
(redirected from Material Price Variance)

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AcronymDefinition
MPVMulti-Purpose Vehicle
MPVMean Platelet Volume (blood test)
MPVMine Protected Vehicle
MPVMouse Parvovirus
MPVMassMutual Participation Investors (Springfield, MA)
MPVMultipurpose Passenger Vehicles
MPVMinimum Price Variation (smallest increment of a stock price)
MPVMajor Projects Victoria (Australia)
MPVMusic Photo Video
MPVMechanically Propelled Vehicle
MPVMovement for Principals and Values (Guatemala)
MPVMarket Potential Value (micromarket index)
MPVMaterial Price Variance
MPVMilitary Pay Voucher
MPVMIPCC Powered Vehicle (DARPA)
MPVMars Piloted Vehicle
MPVReligious Teachers Venerini (religious order)
MPVMobile Packaging Van (LANL)
MPVMulti-Peptide Vaccine
MPVMulti-Port Ventilator
MPVMinistria e Pushtetit Vendor (Albanian: Ministry of Local Government)
MPVMobile Performance Venue (architecture design)


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The danger is that one of these underlying causes may have a large favourable effect on the material price variance while another may have a large unfavourable effect.
For example, along with the material price variance, the assumptions that the DM had to make in order to estimate the initial budgeted price -- quality of raw material, consumption patterns, market demands, supply sources, etc.
Instead of a material price variance, we can calculate a champagne price variance.
 
 
 
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