: When a company is thinking about developing a new product, the owner needs to know how much it will cost to produce. What new machinery will be needed? How much will materials cost? How many workers will be hired? A cost estimator finds the least-expensive way to make the best product. Cost estimators decide what supplies to use, find the best prices, estimate labor costs, and report back to the owner.
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2008-09 Edition at http://www.bls.gov/OCO/