The code defines a class with a class variable 'Variable' and an instance variable 'value'. 'Variable' is initialized to 0 and 'value' is set to 0 in the constructor. The steps in the code are as follows: First, an instance 'object_1' of 'Class' is created, resulting in 'Variable' still being 0 and 'object_1.value' being 0. Then, 'Class.Variable' is incremented by 1, making it 1. Next, another instance 'object_2' of 'Class' is created, with 'Variable' still being 1, and 'object_2.value' being 0. 'object_2.value' is then incremented by 1, making it 1. Finally, the program prints the sum of 'object_2.Variable' and 'object_1.value'. 'object_2.Variable' is a class variable accessed by 'object_2', which is 1, and 'object_1.value' is 0. Therefore, the program outputs 1.