Cost+Estimation

=Cost estimation= a cost estimation is Approximation cost of a program, operation or project.
 * what is cost estimation?**

Mixed costs have both a fixed portion and a variable portion. There are a handful of methods used by managers to break mixed costs in the two manageable components--fixed costs and variable costs. The process of breaking mixed costs into fixed and variable portions allow us to use the costs to predict and plan for the future since we have a good insight on how these costs behave at various activity levels. We often call the process of separating mixed costs into fixed and variable components, cost estimation. The four methods of cost estimation are listed below, : Account analysis Scatter graphs High-low method Linear regression
 * how does it work?**


 * how this is related to red dragon taxi?**

red dragon taxi could use cost estimation in order to see the amount that they will have to use on lengthy upgrades that may be needed for the business to achieve maximum potential.


 * what are the social and ethical implications?**


 * relevant examples**

http://www.pricesystems.com/company/about_price.asp