There Are 5 Jobs (A, B, C, D

question 135

Essay

There are 5 jobs (A, B, C, D,
E) that need to be completed in a work centre. The due dates are the 10th, 13th, 8th, 20th, and 15th respectively with process times of 7, 12, 7, 20, and 10 respectively as well. If today is the 1st of the month calculate the critical ratio for each and use this value to sequence the jobs in the order they should be started.

---

Definitions:

Ledger Accounts

A record within the general ledger that is used to collect and store balance and transaction information for individual items such as assets, liabilities, equity, revenues, and expenses.

Retained Earnings Account

An equity account that represents the accumulated portion of net income that a company has decided to keep and reinvest in the business rather than distribute to shareholders as dividends.

Permanent Account Balances

Permanent account balances are those balances in accounts that are carried over into the next accounting period, including assets, liabilities, and equity accounts.