Countywide Cable Services, Incorporated, is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Sales Revenue $ 1,140,000 $ 940,000 $ 540,000 Variable expenses 188,000 138,000 88,000 Controllable fixed expenses 407,000 327,000 157,000 Fixed expenses controllable by others 218,000 188,000 78,000 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. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Incorporated.

Countywide Cable Services, Incorporated, is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Sales Revenue $ 1,140,000 $ 940,000 $ 540,000 Variable expenses 188,000 138,000 88,000 Controllable fixed expenses 407,000 327,000 157,000 Fixed expenses controllable by others 218,000 188,000 78,000 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. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Incorporated.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 5E: Service department charges In divisional income statements prepared for Demopolis Company, the...

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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 $ MacBook Pro %23 % & 3 4 * 7 8 E R T Y { D F K V MOSISO
Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Outlying $370,000 54,000 106,000 44,000 Metro Suburban $770,000 104,000 276,000 154,000 Service revenue $970,000 Variable expenses Controllable fixed expenses Fixed expenses controllable by others 154,000 356,000 184,000 In addition to the expenses listed above, the company has $55,000 of common fixed expenses. Income-tax expense for the year is $255,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Segments Company Countywide Cable Services Metro Suburban Outlying Segment contribution margin 0 $ 0 $ 2$ < Prev Nax 2 of 7 hulu
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 Metro $1,140,000 188,000 407,000 218,000 Profit margin controllable by segment manager Suburban $940,000 138,000 327,000 188,000 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. Profit margin traceable to segment Outlying $540,000 Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. 88,000 157,000 78,000 SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Countywide Cable Services Metro Segments of Company Suburban Outlying
Required information Countywide Cable Services, Incorporated, 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 $1,000,000 200,000 400,000 230,000 Suburban $ 800,000 150,000 320,000 200,000 Outlying $ 400,000 100,000 150,000 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. 2. Construct an Excel spreadsheet to solve the preceding requirement. Show how the solution will change if the following information changes: the sales revenues were $950,000 and $815,000 for Metro and Suburban, respectively.
Beau County Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended as follows: Metro Suburban Outlying Service Revenue ₱ 90,000 ₱ 70,000 ₱ 35,000 Variable Expenses 15,000 10,000 5,000 Controllable Fixed Expenses 30,000 25,000 10,000 Fixed Expenses controllable by others 20,000 15,000 5,000 In addition to the expenses listed above, the company has ₱6,000 common fixed expenses. The income tax expense for the year is ₱21,000. What is the segment margin associated with the Suburban Division? Show solution Group of answer choices ₱ 20,000 ₱ 35,000 ₱ 15,000 ₱ 25,000
Beau County Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended as follows: Metro Suburban Outlying Service Revenue ₱ 90,000 ₱ 70,000 ₱ 35,000 Variable Expenses 15,000 10,000 5,000 Controllable Fixed Expenses 30,000 25,000 10,000 Fixed Expenses controllable by others 20,000 15,000 5,000 In addition to the expenses listed above, the company has ₱6,000 common fixed expenses. The income tax expense for the year is ₱21,000. What is the net income after tax of Beau County Cable Services, Inc? Show solution Group of answer choices ₱ 33,000 ₱ 35,000 ₱ 54,000 ₱ 60,000
Quaye Cable Services, Incorporated, is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Metro Suburban Outlying Service revenue $ 1,140,000 $ 940,000 $ 540,000 Variable expenses 188,000 138,000 88,000 Controllable fixed expenses 407,000 327,000 157,000 Fixed expenses controllable by others 218,000 188,000 78,000 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. Required: 1. Prepare a segmented income statement for Quaye Cable Services, Incorporated.
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Using A. Corporation information and data . a) Determine the divisional income from operations for three regions by allocating the service department expenses proportional to sales of the regions. b) determine the increase or decrease in net income if C region did not operate. A region B region C region Sales $ 2,000,000 $2,800,000 $3,200,000 Cost of goods sold $700,000 $1,100,000 $1,900,000 Selling expenses $500,000 $850,000 $1,000,000 Service department expenses Purchasing 600,000 Payroll accounting. 400,000
Service department charges In divisional income statements prepared for Demopolis Company, the Payroll Department costs are charged back to user divisions on the basis of the number of payroll distributions, and the Purchasing Department costs are charged back on the basis of the number of purchase requisitions. The Payroll Department had expenses of 64,560, and the Purchasing Department had expenses of 40,000 for the year. The following annual data for Residential, Commercial, and Government Contract divisions were obtained from corporate records: A. Determine the total amount of payroll checks and purchase requisitions processed per year by the company and each division. B. Using the cost driver information in (A), determine the annual amount of payroll and purchasing costs allocated to the Residential, Commercial, and Government Contract divisions from payroll and purchasing services. C. Why does the Residential Division have a larger support department allocation than the other two divisions, even though its sales are lower?
1. Using the data below for Ace Guitar Company: Region A Region B Sales $571,500 $698,500 Cost of goods sold 217,200 265,400 Selling expenses 137,200 167,600 Service department expenses Purchasing $213,400 Payroll accounting 142,200 Allocate service department expenses proportionally to the sales of each region, determine the divisional income from operations for the Regions A and B. For interim calculations, round the percentages to one decimal place. Region A $ Region B $
1)PLEASE ANSWERED WITH IN THE FORMAT BY PROVIDING FORMULA IN DETAILS2)PLEASE PROVIDE ANSWER IN TEXT Divisional income statement with support department allocations Horton Technology has two divisions, Consumer and Commercial, and two corporate support departments, tech services and purchasing.The corporate expenses for the year ended December 21, 20Y7, are as follows: