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Ground water is a vital water resource in the Choushui River area of Taiwan.A significantly increased demand for water, resulting from rapid economic development, has led to large scale ground water extraction.Overdraft of ground water has considerably lowered the ground water level, and caused seawater intrusion, land subsidence, and other environmental damage.Sound ground water management thus is essential.Chinese government officials have set up a(n) _____ system that allows it to make water management decisions using interactive computer models based on real-world processes.
Conversion Cost
The combined costs of direct labor and manufacturing overheads that are incurred in the process of converting raw materials into finished goods.
Manufacturing Overhead
Indirect factory-related costs that are incurred when a product is manufactured, including costs like rent, utilities, and maintenance of equipment.
Selling and Administrative Expenses
These are indirect costs that are not directly tied to the production of goods or services, including sales personnel salaries, advertising, and office rent.
Period Costs
Costs that are not directly tied to the production process and are expensed in the period they are incurred, such as selling, general, and administrative expenses.
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