One of your clients is somewhat new to options trading with multiple positions. they understand how options work, but sometimes ask questions in relation to specific positions. they put on the following options position: - purchase 1 mno july 50 put for 4 - sell 1 mno july 60 put for 11. the client calls in and asks their rr to explain a scenario where this position could lose money. which of the following describes a scenario where the client will lose money on this position? [a] the put options both expire and no exercise is made on either contract.[b] the spread between the two contracts narrows and becomes less than 7 points.[c] the spread between the two contracts widens and becomes greater than 7 points.[d] the customer sells the mno july 50 put for 6 and buys the mno july 60 put for 10.

The direct labor budget of yuvwell corporation for the upcoming fiscal year contains the following details concerning budgeted direct labor-hours: 1st quarter 2nd quarter 3rd quarter 4th quarterbudgeted direct labor-hours 11,200 9,800 10,100 10,900the company uses direct labor-hours as its overhead allocation base. the variable portion of its predetermined manufacturing overhead rate is $6.00 per direct labor-hour and its total fixed manufacturing overhead is $80,000 per quarter. the only noncash item included in fixed manufacturing overhead is depreciation, which is $20,000 per quarter.required: 1. prepare the company’s manufacturing overhead budget for the upcoming fiscal year.2. compute the company’s predetermined overhead rate (including both variable and fixed manufacturing overhead) for the upcoming fiscal year.