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).
Tarija, Bolivia. Wine and Traditions. With 200,000 inhabitants, Tarija is the main city of the province of the same name. Set in a broad, fertile valley on the shores of the Guadalquivir River (so-named by the Spanish conquistadores after the river that flows past Seville), it occupies the south central portion of Bolivia.