All four methods produce estimates of amounts of fixed and variable costs. The ultimate goal of cost estimation is to determine the amount of fixed and variable costs to create a cost formula to be used to predict future costs. The cost formula, or cost equation, is the output of the cost estimation process.
Official logo of the GRULAC. The Latin American and Caribbean Group (GRULAC: Group of Latin America and Caribbean Countries) is a United Nations Regional Group gathering all the Latin American and Caribbean states (17% of all UN members).
Official Bolivia Independence Day festivities have always taken place in the country's capital city of Sucre. However, for the first time ever, in 2010, official Bolivia Independence Day festivities were not celebrated in their traditional location and were moved to the countryâs largest city, Santa Cruz de la Sierra.