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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. 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 | $ | 1,000,000 | $ | 800,000 | $ | 400,000 | |||
Variable expenses | 200,000 | 150,000 | 100,000 | ||||||
Controllable fixed expenses | 400,000 | 320,000 | 150,000 | ||||||
Fixed expenses controllable by others | 230,000 | 200,000 | 90,000 | ||||||
In addition to the expenses listed above, the company has $95,000 of common fixed expenses. Income-tax expense for the year is $145,000.
Required:
Prepare a segmented income statement for Countywide Cable Services, Inc.
MENTED INCOME STATEMENTS COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide | cable Metro Suburban Outlying Il Services Segment contribution margina...PTT Profit margin controllable by segment manager Profit margin traceable to segmentStep by Step Solution
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