Pick up the correct statement from the following: A. The capital required to get a project started, is called first cost B. The costs associated with a new or existing project that remain unaffected by the changes in activity level over the normal range of operation of the project, are called fixed costs C. The group of costs that vary proportionately to the changes in the activity level of a new or existing project are called variable costs D. All of these

The correct answer is D. All of these.

First cost, also known as initial cost or capital cost, is the total amount of money that is required to get a project started. This includes the cost of land, materials, labor, and any other necessary expenses.

Fixed costs are costs that remain unaffected by the changes in activity level over the normal range of operation of the project. These costs are typically incurred regardless of whether the project is operating at full capacity or not. Examples of fixed costs include rent, insurance, and depreciation.

Variable costs are costs that vary proportionately to the changes in the activity level of a new or existing project. These costs increase or decrease as the level of activity increases or decreases. Examples of variable costs include labor costs, material costs, and energy costs.

In conclusion, all of the statements