Managerial Accounting, ACCT 102 Professor Kelson Summer Job Project Narrative: This summer youve decided to take on a new venture. After the spring semester ends, youre returning to your hometown for a few weeks. A local church is runnin g its annual carnival and has offered you an opportunity to set up a booth. You have the chance to relive some of your favorite childhood food memories! In your booth space , you can sell any food item you wi sh (i.e. candied apples, cotton candy, poutine, lemonade, funnel cake, deep - fried Snicker s ) . The carnival will run in the evening s for six days; each evening from 6:00 pm 10:00 pm. As operator of this booth, you will need to buy all the materials, hire all of your labor (if needed), and pay 12.5% of your sales revenue to N&A Amusement Company and 12.5% of your sales revenue to the church. A ddition ally, you are required to pay the church a $200 rental cost (which includes utilities expense) for the booth space. Y ou are very excited to put your managerial accounting skills and other business courses to use during the summer . I n order to make this opportunity a good use of your time, you need to determine the feasibility/pr ofitability of this venture. If successful , a good portion of the money y ou earn in the summer can go towards your college education (or that much needed trip to someplace tropical !) .