Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for theyear just ended follow.Service revenueVariable expensesControllable fixed expensesFixed expenses controllable by othersSegment contribution marginMetro$1,140,000188,000407,000218,000Profit margin controllable by segment managerSuburban$940,000138,000327,000188,000In addition to the expenses listed above, the company has $140,000 of common fixed expenses. Income-tax expense for the year is$340,000.Profit margin traceable to segmentOutlying$540,000Required:1. Prepare a segmented income statement for Countywide Cable Services, Inc.88,000157,00078,000SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC.CountywideCable ServicesMetroSegments of CompanySuburbanOutlying

Income statement is prepared by the business organizations so as to know how much amount of net…

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. Segment contribution margin Suburban Outlying $940,000 $540,000 188,000 138,000 407,000 327,000 218,000 188,000 In addition to the expenses listed above, the company has $140,000 of common fixed expenses. Income-tax expense for the year is $340,000. Metro $1,140,000 Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. Profit margin controllable by segment manager 88,000 157,000 78,000 Profit margin traceable to segment SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Countywide Cable Services Metro Segments of Company Suburban Outlying

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. Segment contribution margin Suburban Outlying $940,000 $540,000 188,000 138,000 407,000 327,000 218,000 188,000 In addition to the expenses listed above, the company has $140,000 of common fixed expenses. Income-tax expense for the year is $340,000. Metro $1,140,000 Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. Profit margin controllable by segment manager 88,000 157,000 78,000 Profit margin traceable to segment SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Countywide Cable Services Metro Segments of Company Suburban Outlying

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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