Motown, what are you aiming for? MPH? Torque? Any computation will require the engine RPM, (I use governed 3600 RPM) as well as OD of rear tire. Pardue here had a neat .xls calculator on line, but I can't find it here anymore. I do have one on my machine here at home.
You can do some searches on line for a Jackshaft calculator, but the one from Pardue was excellent. Max torque is fine for this application, though I'd gear on the low side to keep it happy.
IF your outside tire dimension is 15", your Max Torque clutch is 12 tooth, and you're running at 3600 RPM, your maximum speed calculates out to just under 13 MPH with the sprockets you described.
IF your outside tire dimension is 15", your Max Torque clutch is 12 tooth, and you're running at 3600 RPM, to attain 24 MPH, you should swap your 8 tooth sprocket for a 15 tooth.
My Rule of thumb is that I want a 5:1 ratio or higher. (Depends on total weight of rider and machine)
Lastly, all this ratio and speed computation is pure bull crap, because none of it take into account the engine's torque curve, which may or may not be at max RPM. It doesn't take horsepower or torque into account at all, just spinning RPM's. So the numbers for a 50 HP engine at 3600 RPM and the numbers for a 2 HP engine at 3600 RPM are going to look the same. But obviously, the 50 HP engine is going to do fine at higher gear ratios, while the 2 HP wouldn't even move the bike at those higher ratios.