Question: Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban and Outlying. Data for these segments for the year just ended follow. Service revenue
Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban and Outlying. Data for these segments for the year just ended follow. Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others Metro $1,100,000 180,000 395,000 210,000 Suburban $900,000 130,000 315,000 180,000 Outlying $500,000 80,000 145,000 70,000 In addition to the expenses listed above, the company has $120,000 of common fixed expenses. Income tax expense for the year is $320,000 Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Metro Suburban Outlying Cable Services Segment contribution margin $ 0 s 05 05 0 Profit margin controllable by segment manager $ 0$ 0 s 0 $ 0 Profit margin traceable to segment $ 0 $ 0s 0 $ O $ 0 $ 0
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