Identify (by letter) each of the following characteristics as being an advantage or a disadvantage of the corporate form of business or not applicable to the corporate form of business organization.
A = Advantage
D = Disadvantage
N = Not Applicable
Characteristics 
Definitions:
Activity-Based Costing
A costing method that assigns overhead and indirect costs to specific products or services based on the activities and resources that go into their production.
Direct Labor Cost
Refers to the total amount paid to workers directly involved in the production of goods or services, including wages and other related expenses.
Predetermined Overhead Rate
An estimated rate used to charge overhead costs to products or job orders, based on a selected allocation base anticipated before the accounting period.
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to products based on a specific activity base.
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