The company Claveles Primorosos, makes flowers and arrangements with artificial plants. Based on the information provided by the company's management, we will calculate the variations in materials, labor and indirect cost. Carnations Delicate uses a standard cost system. Standard prime costs per unit include three units of materials at a standard price of $ 38 and one-half hour of direct labor at the standard rate of $ 20. Information to calculate variations is provided below: Of materials Of labor Indirect cost Budgeted Hours 30,000 Worked hours of labor 19,320 Budgeted production 60,000 Actual production 52,000 Materials purchased at a rate of $ 32.5 per unit $ 640,000 Used materials $ 325,800 Fixed real indirect cost (IC) $ 78,100 Total actual indirect cost (IC) $ 368,200 Budgeted Variable Indirect Cost (IC) $ 290,000 Budgeted Fixed Indirect Cost (IC) $ 80,000 What is the budget variation made of? Define in your words each of its elements.