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 AE 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 (i.e. absorption costing technique and marginal/variable costing technique) and prepare the financial reporting documents of Crescent Industries Limited,.