Budgets are used for: Evaluating performance Providing benchmarks Motivating employees All of the above LMN produces a product that requires \\( 1 \\mathrm{~kg} \\) of material per unit. LMN has budgeted that each \\( \\mathrm{kg} \\) will cost \\( \\$ 5.00 \\). Last year. LMN purchased \\( 10,000 \\mathrm{kgs} \\) of material for a total cost of \\( \\$ 54,000 \\) and sold 3,000 units of product. What was LMN's Unit Cost Variance for the year? No variance \\( \\$ 4,000 \\) favourable \\( \\$ 1,200 \\) unfavourable \\( \\$ 1,200 \\) favourable