Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for...
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Accounting
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 | $ | 1,050,000 | $ | 850,000 | $ | 450,000 | |||
| Variable expenses | 170,000 | 120,000 | 70,000 | ||||||
| Controllable fixed expenses | 380,000 | 300,000 | 130,000 | ||||||
| Fixed expenses controllable by others | 200,000 | 170,000 | 60,000 | ||||||
In addition to the expenses listed above, the company has $95,000 of common fixed expenses. Income-tax expense for the year is $295,000.
Required:
Prepare a segmented income statement for Countywide Cable Services, Inc.
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