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 | $ | 1,070,000 | $ | 870,000 | $ | 470,000 | |||
| Variable expenses | 174,000 | 124,000 | 74,000 | ||||||
| Controllable fixed expenses | 386,000 | 306,000 | 136,000 | ||||||
| Fixed expenses controllable by others | 204,000 | 174,000 | 64,000 | ||||||
In addition to the expenses listed above, the company has $105,000 of common fixed expenses. Income-tax expense for the year is $305,000.
Required:
-
Prepare a segmented income statement for Countywide Cable Services, Inc.
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 | $ | 1,070,000 | $ | 870,000 | $ | 470,000 | |||
| Variable expenses | 174,000 | 124,000 | 74,000 | ||||||
| Controllable fixed expenses | 386,000 | 306,000 | 136,000 | ||||||
| Fixed expenses controllable by others | 204,000 | 174,000 | 64,000 | ||||||
In addition to the expenses listed above, the company has $105,000 of common fixed expenses. Income-tax expense for the year is $305,000.
Required:
-
Prepare a segmented income statement for Countywide Cable Services, Inc.
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 | $ | 1,070,000 | $ | 870,000 | $ | 470,000 | |||
| Variable expenses | 174,000 | 124,000 | 74,000 | ||||||
| Controllable fixed expenses | 386,000 | 306,000 | 136,000 | ||||||
| Fixed expenses controllable by others | 204,000 | 174,000 | 64,000 | ||||||
In addition to the expenses listed above, the company has $105,000 of common fixed expenses. Income-tax expense for the year is $305,000.
Required:
-
Prepare a segmented income statement for Countywide Cable Services, Inc.
SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Cable Metro Suburban Outlying Services Segment contribution margin Profit margin controllable by segment manager Profit margin traceable to segment
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International Public Financial Management Essentials Of Public Sector Accounting
Authors: Gary Bandy
1st Edition
081535634X, 978-0815356349
