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 $960,000 152,000 353,000 182,000 Suburban $760,000 102,000 273,000 152,000 Outlying $360,000 52,000 103,000 42,000 In addition to the expenses listed above, the company has $50,000 of common fixed expenses. Income-tax expense for the year is $250,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Cable Services Metro Suburban Outlying Segment contribution margin %24 Profit margin controllable by segment manager 0 $ Profit margin traceable to segment 2$ 2$ %24 %24
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 $960,000 152,000 353,000 182,000 Suburban $760,000 102,000 273,000 152,000 Outlying $360,000 52,000 103,000 42,000 In addition to the expenses listed above, the company has $50,000 of common fixed expenses. Income-tax expense for the year is $250,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments of Company Countywide Cable Services Metro Suburban Outlying Segment contribution margin %24 Profit margin controllable by segment manager 0 $ Profit margin traceable to segment 2$ 2$ %24 %24
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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
Variable expenses
Controllable fixed expenses
Fixed expenses controllable by others
Metro
$960, 000
152,000
353, 000
182,000
Suburban
$760,000
102,000
273,000
152,000
Outlying
$360,000
52,000
103,000
42,000
In addition to the expenses listed above, the company has $50,000 of common fixed expenses. Income-tax expense for the year is
$250.000.
Required:
1. Prepare a segmented income statement for Countywide Cable Services, Inc.
SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC.
Segments of Company
Countywide
Cable Services
Outlying
Metro
Suburban
Segment contribution margin
%24
0 $
Profit margin controllable by segment manager
2$
0 $
0 $
0 $
Profit margin traceable to segment
%24
0 $
0 $
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MacBook Pro
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Transcribed Image Text: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
$960, 000
152,000
353, 000
182,000
Suburban
$760,000
102,000
273,000
152,000
Outlying
$360,000
52,000
103,000
42,000
In addition to the expenses listed above, the company has $50,000 of common fixed expenses. Income-tax expense for the year is
$250.000.
Required:
1. Prepare a segmented income statement for Countywide Cable Services, Inc.
SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC.
Segments of Company
Countywide
Cable Services
Outlying
Metro
Suburban
Segment contribution margin
%24
0 $
Profit margin controllable by segment manager
2$
0 $
0 $
0 $
Profit margin traceable to segment
%24
0 $
0 $
< Prev
2 of 3
Next >
MacBook Pro
%23
%
&
3
4
*
7
8
E
R
T
Y
{
D
F
K
V
MOSISO
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