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).
The production of GruyÃ¨re cheese at the cheesemaking factory of GruyÃ¨res, Canton of Fribourg, Switzerland. The job of the cheesemaker is to control the spoiling of milk into cheese. The milk may be from a cow, goat, sheep or buffalo, although worldwide cow's milk is most commonly used.