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 | $ | 1,130,000 | $ | 930,000 | $ | 530,000 | |||
| Variable expenses | 186,000 | 136,000 | 86,000 | ||||||
| Controllable fixed expenses | 404,000 | 324,000 | 154,000 | ||||||
| Fixed expenses controllable by others | 216,000 | 186,000 | 76,000 | ||||||
In addition to the expenses listed above, the company has $135,000 of common fixed expenses. Income-tax expense for the year is $335,000.
Required:
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Prepare a segmented income statement for Countywide Cable Services, Inc.
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Horngrens Financial & Managerial Accounting
Authors: Tracie Miller Nobles, Brenda Mattison
7th Edition
0136516254, 9780136516255
