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).
Copacabana Cathedral, completed in 1619, is one of the oldest churches in Bolivia and is a fine example of Moorish style architecture. (The current structure dates to 1805.) It houses the statue of La Virgen de la Candelaria (also called the Dark Virgin), reputed to have miraculous healing powers.