The details relating to the revenues and costs of Crescent Industries Limited, for the year ended December 31, 2016 are given below: Revenue Sales 25,000/- units Sales price 50/- per unit Variable cost Material cost 11/- per unit Labour cost 9/- per unit Variable factory overhead cost 7/- per unit Variable selling/marketing expenses 5/- per unit Variable administrative expenses 3/- per unit Fixed cost Fixed factory overhead cost 50,000/- Fixed selling/marketing expenses 30,000/- Fixed administrative expenses 20,000/- Note There is no ending inventory. Accurately apply a range of management accounting techniques and produce appropriate financial reporting documents.