The writer of a put or call is the Group of answer choices the institution that brings buyers and sellers of an option together in a transaction. can limit risk by letting the option expire unexercised. party who creates an option by selling it. party who guarantees that the terms of the option will be satisfied.

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be: