Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for...
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Accounting
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.
SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC.
Segments of Company
Countywide Cable Services
Metro
Suburban
Outlying
Segment contribution margin
$0
$0
$0
$0
Profit margin controllable by segment manager
$0
$0
$0
$0
Profit margin traceable to segment
$0
$0
$0
$0
$0
$0
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