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The key elements of a protocol are:
Variable Costs
Costs that fluctuate with the level of output or production, such as raw materials and direct labor.
Contribution Margin
The amount by which a product's sales price exceeds its variable costs. It contributes to covering fixed costs and generating profit.
Variable Costs
Expenses that change in proportion to the level of production or sales activity.
Contribution Margin
The difference between the sales revenue of a product and the variable costs associated with its production and sales.
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