Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow.
Controllable fixed expenses
Fixed expenses controllable by others
In addition to the expenses listed above, the company has $95,000 of common fixed expenses. Income-tax expense for the year is $145,000.
1. Prepare a segmented income statement for Countywide Cable Services, Inc. Use the contribution format.