Question
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 | $ | 1,030,000 |
| $ | 830,000 |
| $ | 430,000 |
|
| Variable expenses |
| 166,000 |
|
| 116,000 |
|
| 66,000 |
|
| Controllable fixed expenses |
| 374,000 |
|
| 294,000 |
|
| 124,000 |
|
| Fixed expenses controllable by others |
| 196,000 |
|
| 166,000 |
|
| 56,000 |
|
In addition to the expenses listed above, the company has $85,000 of common fixed expenses. Income-tax expense for the year is $285,000.
Required:
- Prepare a segmented income statement for Countywide Cable Services, Inc.
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