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
$
1,050,000
$
850,000
$
450,000
Variable expenses
170,000
120,000
70,000
Controllable fixed expenses
380,000
300,000
130,000
Fixed expenses controllable by others
200,000
170,000
60,000
In addition to the expenses listed above, the company has $95,000 of common fixed expenses. Income-tax expense for the year is $295,000.
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
Profit margin controllable by segment manager
Profit margin traceable to segment
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