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What is the product of the following sequence of reactions?
Sales Commissions
Payments made to sales employees as a percentage of the sales they generate.
Sales Volume
The total number of units of a product sold within a specific period.
Total Variable Cost
The entire expense that varies directly with changes in production volume, including materials, labor, and other costs that increase or decrease with output level.
Relevant Range
The spectrum of operations where the premises regarding constant and fluctuating expenses hold true.
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