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).
During most of the Spanish colonial rule, Bolivia was known as Upper Peru and administered by the Royal Audiencia of Charcas. After the first call for independence in 1809, 16 years of war followed before the establishment of the Bolivian Republic, named for the Liberator SimÃ³n BolÃ­var, on August 6, 1825. Since then Bolivia has endured regular periods of political and economic instability, including the loss of various provinces to its neighbors, such as Acre, parts of the Gran Chaco and its Pacific coast, making it a land-locked country.