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).
Boliviaâs temperatures are determined by the altitude as well as the season, with highland areas such as La Paz, Lake Titicaca, Potosi and Uyuni generally cool year round and extremely cold at night. This altitude does bring strong sunshine in the dry season, making high factor sunscreen essential.