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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 400 boxes of bandages per week last year. The price of bandages was $80 per box, and the hospital operates 52 weeks per year. The cost of processing an order was $64, and the cost of holding one box throughout a full year was 20% of the value of the material. Last year the hospital ordered bandages, on average, once every two weeks, each time ordering 800 boxes. What extra cost did the hospital incur that could have been avoided if the EOQ concept had been applied?
more than $1,050 and less than $1,450
less than or equal to $650
more than $1,450
more than $650 and less than $1,050
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