Question: Cost Estimation and Pricing Strategy at Toyota Requirements: Develop a cost estimation model for Toyota's new line of hydrogen fuel cell buses. Estimate the total

Cost Estimation and Pricing Strategy at Toyota

Requirements:

  1. Develop a cost estimation model for Toyota's new line of hydrogen fuel cell buses.
  • Estimate the total manufacturing cost for Toyota's hydrogen fuel cell buses, including direct materials, direct labor, and overhead costs.
  • Calculate Toyota's markup percentage on cost to achieve a target selling price and profit margin for the hydrogen fuel cell buses.
  • Recommend pricing strategies based on cost estimation to maximize profitability and market competitiveness for Toyota's new bus lineup.

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