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What is the correct order for the reactions of the Calvin cycle?
Variable Costs
Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor costs.
Contribution Margin Ratio
The percentage of each sales dollar remaining after deducting variable costs, indicating how much contributes to covering fixed costs and generating profit.
Operating Income
Income generated from a company's regular business operations, excluding expenses such as taxes and interest charges.
Variable Costs
Expenses that vary directly with the level of production or sales, such as materials and labor.
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