Exercise 12-32 Segmented Income Statement; TV Cable Company (LO 12-5) 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 $970,000 154,000 Metro Suburban Outlying $770,000 $370,000 104,000 54,000 276,000 106,000 44,000 356,000 184,000 154,000 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.

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Exercise 12-32 Segmented Income Statement; TV Cable Company (LO 12-5)
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 Suburban
$970,000 $770,000
154,000 104,000
356,000 276,000
184,000 154,000
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.
Outlying
$370,000
Required:
1. Prepare a segmented Income statement for Countywide Cable Services, Inc.
Profit margin controllable by segment manager
54,000
106,000
44,000
Profit margin traceable to segment
SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC.
Countywide
Cable Services
Metro
Segments of Company
Suburban Outlying
Transcribed Image Text:Exercise 12-32 Segmented Income Statement; TV Cable Company (LO 12-5) 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 Suburban $970,000 $770,000 154,000 104,000 356,000 276,000 184,000 154,000 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. Outlying $370,000 Required: 1. Prepare a segmented Income statement for Countywide Cable Services, Inc. Profit margin controllable by segment manager 54,000 106,000 44,000 Profit margin traceable to segment SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Countywide Cable Services Metro Segments of Company Suburban Outlying
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