wood 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 has been applied? [you need to consider the difference between the total cost (holding cost plus setup cost) incurred with ordering 800 as compared to ordering the eoq; assume that there is no safety stock]