Cube utilization is the calculation which determines the total space used in storage.
Cube utilization is expressed as a percentage between 0% - poor and 100% - excellent, accordingly. So if you have filled every available spot in your warehouse with product, then you have 100 percent warehouse cube utilization.
Cube utilizationis related to benefit reducing transportation costs, as effective cube utilization significantly lowers freight and supply chain costs. Cubing and weighing equipment helps companies make better use of their warehouse space, cut shipping costs and reduce errors.
Hence, in order to improve cube utilization, products should be shipped in bulk form to avoid packaging.
By definition unsought goods are those which are not purchased out of want or desire, but the purchases of which arise due to any of the following circumstances:
danger - for example a fire extinguishers sought in the incident of a fire
fear - for example the fear of crashing into another car (in this case)
unexpected events - for example funeral services sought at the time of death
Explanation: It is the responsibility of the Chief Audit Executive to decide the follow up process to be done.
The nature, timing and extent of follow up is communicated by the Chief Audit Executive and he also has the responsibility to find out from management why actions have not been taken.
First we must calculate the employee's remaining taxable portion = wage base - year to date earnings = $118,500 - $114,400 = $4,100
Then we multiply the employee's remaining taxable portion times FICA-OASDI tax rate = $4,100 x 6.2% = $254.20, we round down to the nearest dollar = $254