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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. Service revenue
Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $1,050,000 170,000 380,000 200,000 Suburban $850,000 120,000 300,000 170,000 Outlying $450,000 70,000 130,000 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: 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 $ 0 $ o $ o $ 0 Profit margin controllable by segment manager $ 0 $ 0 $ 0 $ 0 Profit margin traceable to segment $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
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