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An example of a committed fixed cost would be: Multiple Choice O O taxes on real estate. O management development programs. public relations costs. advertising programs. Which of the following costs is classified as both a prime cost and a conversion cost? Multiple Choice Variable overhead. Direct labor. Direct materials. . Fixed overhead All of the following statements are correct when referring to process costing except: Multiple Choice Units produced are indistinguishable from each other. O Process costing would be appropriate for a jeweler who makes custom jewelry to order. Costs are accumulated by department A process costing system has the same basic purposes as a job-order costing system