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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
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 | $ | 1,120,000 | $ | 920,000 | $ | 520,000 | |||
Variable expenses | 184,000 | 134,000 | 84,000 | ||||||
Controllable fixed expenses | 401,000 | 321,000 | 151,000 | ||||||
Fixed expenses controllable by others | 214,000 | 184,000 | 74,000 | ||||||
In addition to the expenses listed above, the company has $130,000 of common fixed expenses. Income-tax expense for the year is $330,000.
Required:
Prepare a segmented income statement for Countywide Cable Services, Inc.
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