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Sagot :
More than $1,450 is the extra cost incured which would have been avoided if the EOQ concept had been applied.
What is an Economic order quantity?
This is a technique in inventory management that helps to make an efficient management decision
The formula for EOQ is (2AO / H)^(1/2) where A (400 x 52) = 20,800, O = $64 and H (80 x 20%) = 16
EOQ = (2*20800*64)^(1/2)
EOQ = 1631.68624435
EOQ = $1631.67
Therefore, the Option D is correct.
Missing options "A) less than or equal to $650 B) more than $650 and less than $1,050 C) more than $1,050 and less than $1,450 D) more than $1,450"
Read more about EOQ
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