diff --git a/erpnext/stock/doctype/item_variant_settings/item_variant_settings.js b/erpnext/stock/doctype/item_variant_settings/item_variant_settings.js
index 5e1f7d53221..058783c4ae3 100644
--- a/erpnext/stock/doctype/item_variant_settings/item_variant_settings.js
+++ b/erpnext/stock/doctype/item_variant_settings/item_variant_settings.js
@@ -13,10 +13,16 @@ frappe.ui.form.on('Item Variant Settings', {
 		const exclude_field_types = ['HTML', 'Section Break', 'Column Break', 'Button', 'Read Only'];
 
 		frappe.model.with_doctype('Item', () => {
+			const field_label_map = {};
 			frappe.get_meta('Item').fields.forEach(d => {
+				field_label_map[d.fieldname] = __(d.label) + ` (${d.fieldname})`;
+
 				if (!in_list(exclude_field_types, d.fieldtype)
 					&& !d.no_copy && !in_list(exclude_fields, d.fieldname)) {
-					allow_fields.push(d.fieldname);
+					allow_fields.push({
+						label: field_label_map[d.fieldname],
+						value: d.fieldname,
+					});
 				}
 			});
 
diff --git a/erpnext/stock/doctype/variant_field/variant_field.json b/erpnext/stock/doctype/variant_field/variant_field.json
index ae9088486f4..5a7da15433f 100644
--- a/erpnext/stock/doctype/variant_field/variant_field.json
+++ b/erpnext/stock/doctype/variant_field/variant_field.json
@@ -1,72 +1,32 @@
 {
- "allow_copy": 0, 
- "allow_guest_to_view": 0, 
- "allow_import": 0, 
- "allow_rename": 0, 
- "beta": 0, 
- "creation": "2017-08-29 16:33:33.978574", 
- "custom": 0, 
- "docstatus": 0, 
- "doctype": "DocType", 
- "document_type": "", 
- "editable_grid": 1, 
- "engine": "InnoDB", 
+ "actions": [],
+ "creation": "2022-02-11 11:26:20.611960",
+ "doctype": "DocType",
+ "editable_grid": 1,
+ "engine": "InnoDB",
+ "field_order": [
+  "field_name"
+ ],
  "fields": [
   {
-   "allow_bulk_edit": 0, 
-   "allow_on_submit": 0, 
-   "bold": 0, 
-   "collapsible": 0, 
-   "columns": 0, 
-   "fieldname": "field_name", 
-   "fieldtype": "Select", 
-   "hidden": 0, 
-   "ignore_user_permissions": 0, 
-   "ignore_xss_filter": 0, 
-   "in_filter": 0, 
-   "in_global_search": 0, 
-   "in_list_view": 1, 
-   "in_standard_filter": 0, 
-   "label": "Field Name", 
-   "length": 0, 
-   "no_copy": 0, 
-   "options": "", 
-   "permlevel": 0, 
-   "precision": "", 
-   "print_hide": 0, 
-   "print_hide_if_no_value": 0, 
-   "read_only": 0, 
-   "remember_last_selected_value": 0, 
-   "report_hide": 0, 
-   "reqd": 1, 
-   "search_index": 0, 
-   "set_only_once": 0, 
-   "unique": 0
+   "fieldname": "field_name",
+   "fieldtype": "Autocomplete",
+   "in_list_view": 1,
+   "label": "Field Name",
+   "reqd": 1
   }
- ], 
- "has_web_view": 0, 
- "hide_heading": 0, 
- "hide_toolbar": 0, 
- "idx": 0, 
- "image_view": 0, 
- "in_create": 0, 
- "is_submittable": 0, 
- "issingle": 0, 
- "istable": 1, 
- "max_attachments": 0, 
- "modified": "2017-08-29 17:19:20.353197", 
- "modified_by": "Administrator", 
- "module": "Stock", 
- "name": "Variant Field", 
- "name_case": "", 
- "owner": "Administrator", 
- "permissions": [], 
- "quick_entry": 1, 
- "read_only": 0, 
- "read_only_onload": 0, 
- "show_name_in_global_search": 0, 
- "sort_field": "modified", 
- "sort_order": "DESC", 
- "track_changes": 1, 
- "track_seen": 0
+ ],
+ "istable": 1,
+ "links": [],
+ "modified": "2022-03-25 05:48:30.946201",
+ "modified_by": "Administrator",
+ "module": "Stock",
+ "name": "Variant Field",
+ "owner": "Administrator",
+ "permissions": [],
+ "quick_entry": 1,
+ "sort_field": "modified",
+ "sort_order": "DESC",
+ "states": [],
+ "track_changes": 1
 }
\ No newline at end of file