Question: Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for thes segments for the year just ended follow. Metro Suburban
Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for thes segments for the year just ended follow. Metro Suburban outlying 188,000 138,000 88,000 407,000 327,000 157,000 218,000 188,000 78,000 $1,140,000 $940,000 $540,000 Service revenue Variable expenses Controllable fixed expenses Pixed expenses controllable by others In addition to the expenses listed above, the company has $140,000 of common fixed expenses. Income-tax exp for the year is $340,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED NCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, NC. 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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