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).
Languages of Bolivia - Demographics. 1  The Bolivian government and the departmental governments are required to use at least two languages in their operation, one being Spanish, and the other being selected according to the circumstances and the needs of the territory in question.