Pick up the correct statement from the following:

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

Answer: Option D

Explanation:

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