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Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for...

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Accounting

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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 Metro Suburban Outlying Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others $1,040,000 $840,000 $440,000 68,000 127,000 58,000 168,000 377,000 198,000 118,000 297,000 168,000 In addition to the expenses listed above, the company has $90,000 of common fixed expenses. Income-tax expense for the year is $290,000 Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC Segments of Company Countywide Cable Services Metro Suburban Outlying Segment contribution margin Profit margin controllable by segment manager Profit margin traceable to segment

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