According to the 2010 census, Minonk has a total area of 2.42 square miles (6.27 km2), all land. At the 2000 census, there were 2,168 people, 841 households and 587 families residing in the city. The population density was 1,587.6 per square mile (611.0/kmÂ²).
Sample direct cost components: first costs and its elements (P); annual costs (AOC or M&O); salvage/market value (S) Approaches: bottom-up; design-to-cost (top down) Accuracy: feasibility stage through detailed design estimates require more exacting estimates Some techniques: unit; factor; cost estimating relations (CER) Different Approaches to Cost ...
The Goal of Cost Estimation. 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.