Types of standards as used in standard costing 22/11/2020 Admin Explain three types of standards as used in standard costing Stores ledger Wages Work-in-progress Finished goods Production overhead Related Posts Differences between job costing and process costing Management Accounting CPA KASNEB Pdf notes Advanced Management Accounting CPA KASNEB notes IAS 24 Related parties The process of management is often described as comprising planning, organising, staffing, directing and controlling. a) What are the basic steps in the control process? (4 marks) b) Identify and explain the key considerations in each step in the control process (16 marks) CPA AFR - Accounting policy choices disallowed under the SMEs standard