Classification of cost and How to forecast cost

Classifications of Costs A company secures a balloon note. They have to make a total of 10 payments. The first nine payments are $1000. The final payment is $10,000. How would you classify the two cost based on the cost that you listed? Please explain your answer. How to Forecast Costs Provide two to three (2-3) examples of other strategies to use to obtain cost or pricing data in a more accurate fashion. Predict the manner in which these examples could be utilized to also save the government funds. Provide a rationale for your response. Please include references. Our text book is Murphy, J. E. (2009). Guide to contract pricing: cost and price analysis for contractors, subcontractors, and government agencies (5th ed.). Vienna, VA: Management Concepts.

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