Vilas County Hospital consumed 400 boxes of bandages per week last year. The pri

Question

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?

A.

Less than or equal to? $650

B.

More than? $1,050 and less than? $1,450

C.

More than? $650 and less than? $1,050

D.

More than? $1,450

Explanation / Answer

D.More than? $1,450

Is the correct option in this case if you think this helped do give a thumbs up else share your queries in comment section.

Related Questions

Navigate

• Browse (All)
• Browse V
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.