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.