Solomon Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. Solomon produces and sells only 7,000 bikes each year. Due to the low volume of activity, Solomon is unable to obtain the economies of scale that larger producers achieve. For example, Solomon could buy the handlebars for $38 each; they cost $41 each to make. The following is a detailed breakdown of current production costs. Item Unit Cost Total Unit-level costs Materials $17 $119,000 Labor 10 70.000 Overhead 2 14.000 Allocated facility-level costs 12 84.ee Total 541 $287.000 After seeing these figures, Solomon's president remarked that it would be foolish for the company to continue to produce the handlebars at $41 each when it can buy them for $38 each Required Calculate the total relevant cost. Do you agree with the president's conclusion? Total Do you agree with the presidents cond