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Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for year just ended follow. Service revenue Variable
Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $1,140,000 188,000 407,000 218,000 Suburban $940,000 138,000 327,000 188,000 Outlying $540,000 88,000 157,000 78,000 In addition to the expenses listed above, the company has $140,000 of common fixed expenses. Income-tax expense for the yea $340,000. 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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