Stuart Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales Stuart produces and sells only 6,600 bikes each year. Due to the low volume of activity, Stuart is unable to obtain the economies of scale that larger producers achieve. For example, Stuart could buy the handlebars for $36 each, they cost $39 each to make. The following is a detailed breakdown of current production costs Unit Cost Total Item Unit-level costs Materials $15 Labor $ 99,000 59,400 19.30 29,200 5257,460 9 3 12 $39 Overhead Allocated facility-level costs Total After seeing these figures, Stuart'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? Total Per Unit Total relevant cost Do you agree with the president's conclusion