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).
It is also the capital of the La Paz Department. The city, located in west-central Bolivia, 68 km (42 mi) southeast of Lake Titicaca, is set in a canyon created by the Choqueyapu River and sits in a bowl-like depression surrounded by the high mountains of the altiplano.