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The following are different categories of costs: Variable, Fixed(committed), Fixed (discretionary), and Mixed.Identify what type of cost is best represented by the followingexamples of costs and briefly explain why.The answer to the first one, Rent, is provided as an example: Rentis a fixed, committed cost because it does not change due todifferences in activity levels. In other words, rent is always acost that will be due regardless of business activity level. It isgenerally considered a committed cost because once you sign thelease you are committed to pay rent for the life of the lease.Rent: Answer explained aboveProperty taxes on land and buildingBillboard advertising campaignRaw materials used in the manufacturing processEmployee picnic with band, food, and door prizes