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 | $ | 1,080,000 | $ | 880,000 | $ | 480,000 | |||
| Variable expenses | 176,000 | 126,000 | 76,000 | ||||||
| Controllable fixed expenses | 389,000 | 309,000 | 139,000 | ||||||
| Fixed expenses controllable by others | 206,000 | 176,000 | 66,000 | ||||||
In addition to the expenses listed above, the company has $110,000 of common fixed expenses. Income-tax expense for the year is $310,000.
Required:
Prepare a segmented income statement for Countywide Cable Services, Inc.
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mcalpine, Chrisann Lee, Lorena Mitrione, Ngaire Kirk, Lily Wong
7th Edition
0730395294, 978-0730395294
