Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying.

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

1,000,000

800,000

400,000

Variable expenses

200,000

150,000

100,000

Controllable fixed expenses

400,000

320,000

150,000

Fixed expenses controllable by others

230,000

200,000

90,000

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.

Required:

1. Prepare a segmented income statement for Countywide Cable Services, Inc. Use the contribution format.

"Is this question part of your assignment? We can help"

ORDER NOW

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *