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Vilas County Hospital consumed 4 0 0 boxes of bandages per week last year. The price of bandages was $ 8 0 per box, and
Vilas County Hospital consumed boxes of bandages per week last year. The price of bandages was $ per box, and the hospital operates weeks per year. The cost of processing an order was $ and the cost of holding one box throughout a full year was of the value of the material. Last year the hospital ordered bandages, on average, once every two weeks, each time ordering boxes. What extra cost did the hospital incur that could have been avoided if the EOQ concept had been applied?
more than $ and less than $
less than or equal to $
more than $
more than $ and less than $
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