Variances

Maitre'D's Variances Report shows inventory variances. The variance is the difference between the theoretic and real quantity used according to your inventory adjustment. This report is available on weekly, periodic and monthly basis. From the report filter window, select the appropriate period, suppliers, inventory items, categories, groups, locations, departments and amounts to be included in the report. The following is a sample of the variances report:

Product:

Description of the inventory item.

Units:

Format the item is used in recipes.

Purchases:

Quantity of inventory item, in usage units, purchased during the time period.

Real Used:

Beginning stock plus purchases minus transfers and ending stock for the time period.

Theoretical Used:

Quantity of inventory item sold, in usage units.

Variance:

Real used minus theoretical used.

Real Cost:

Theoretical cost plus variance cost.

Theoretical Cost:

Total cost of inventory item sold.

Variance:

Total variance cost value of inventory item variation.