[Solved] The controller for Andy's Bicycles has gathered the following cost and activity level information: a. What is the total cost of producing 1,000 racing bicycles? b. What is the variable cost of producing each racing bicycle? c. Suppose the controller uses the average cost to predict total costs. What total cost would the controller calculate for 2,500 racing bicycles? d. If the controller uses the cost equation to predict total costs, what total cost would the controller calculate for 2,500 racing bicycles? e. Is there a difference between the forecasted total cost using average cost versus the cost equation? If there is a difference, what creates the difference? If there is no difference, when would there be a difference? Asteroid Impact: A phenomenon where an asteroid collides with another celestial body, such as Earth, potentially causing significant geological and biological effects. Carbonate Rock: Sedimentary rocks, such as limestone, that are composed primarily of carbonate minerals. Microscopic Organisms: Tiny life forms, often unicellular, that are not visible to the naked eye and require a microscope to be observed. Mass Extinction: Mass Extinction is an event in which a significant, widespread, and rapid decrease in the biodiversity on Earth occurs, often due to catastrophic environmental changes.