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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 | $ | 1,060,000 | $ | 860,000 | $ | 460,000 | |||
Variable expenses | 172,000 | 122,000 | 72,000 | ||||||
Controllable fixed expenses | 383,000 | 303,000 | 133,000 | ||||||
Fixed expenses controllable by others | 202,000 | 172,000 | 62,000 | ||||||
In addition to the expenses listed above, the company has $100,000 of common fixed expenses. Income-tax expense for the year is $300,000.
Required:
-
Prepare a segmented income statement for Countywide Cable Services, Inc.
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