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Estimate the total manufacturing cost for a new product launch at General Electric Company's appliance division. Assume the product requires $50,000 in direct materials, $30,000
Estimate the total manufacturing cost for a new product launch at General Electric Company's appliance division. Assume the product requires $50,000 in direct materials, $30,000 in direct labor, and $20,000 in manufacturing overhead. Additionally, include $10,000 in marketing and administrative expenses. Calculate the total cost per unit if 1,000 units are produced. Discuss the reliability and limitations of cost estimation techniques in this context.
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