Baird Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its blcycles, which are high-quality racing bikes with limited sales, Baird produces and sells only 6,800 bikes each year. Due to the low volume of activity, Baird is unable to obtain the economies of scale that larger producers achieve. For example, Baird could buy the handlebars for $36 each; they cost $39 each to make. The following is a detailed breakdown of current production costs. Item Unit Cout Total Unit-level conto Materiale $ 38,400 Labor 10 68,000 Overhead 20,400 Allocated facility-level conta 88.400 Total 539 $265,200 $13 3 13 After seeing these figures, Baird's president remarked that it would be foolish for the company to continue to produce the handlebars at $39 each when it can buy them for $36 each Required Calculate the total relevant cost. Do you agree with the president's conclusion? Answer is complete but not entirely correct. Per Unit Total Total relevant cost $ 176,800 S 244,800 Do you agree with the president's conclusion? No