Benson Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bicycles, which are high- quality racing bikes with limited sales. Benson produces and sells only 7,600 bikes each year. Due to the low volume of activity, Benson is unable to obtain the economies of scale that larger producers achieve. For example, Benson could buy the handlebars for $35 each; they cost $38 each to make. The following is a detailed breakdown of current production costs, Unit cost 514 Item Unit-level costs Materials Labor Overhead Allocated facility-level conta Total Total $106,400 83,600 15,200 83,600 3288,800 Dook 2 11 $30 Print leferences After seeing these figures, Benson's president remarked that it would be foolish for the company to continue to produce the handlebars at $38 each when it can buy them for $35 each Required Calculate the total relevant cost. Do you agree with the president's conclusion? Total Per Unit Totallevant cost Do you agree with the president's conclusion