Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying....
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Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $1,100,000 180,000 395,000 210,000 Suburban $900,000 130,000 315,000 180,000 Outlying $500,000 80,000 145,000 70,000 In addition to the expenses listed above, the company has $120,000 of common fixed expenses. Income-tax expense for the year is $320,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Cable Metro Suburban Outlying Services Segment contribution margin 0S 0S 0 $ Profit margin controllable by segment manager $ 0S 0S 0S Profit margin traceable to segment $ 0S 0S 0S S
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