please dont provide answer in an image format thank you 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 theyear just ended follow.Service revenueVariable expensesControllable fixed expensesFixed expenses controllable by othersSegment contribution marginMetro Suburban$970,000 $770,000154,000 104,000356,000 276,000184,000 154,000In 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$370,000Required:1. Prepare a segmented Income statement for Countywide Cable Services, Inc.Profit margin controllable by segment manager54,000106,00044,000Profit margin traceable to segmentSEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC.CountywideCable ServicesMetroSegments of CompanySuburban Outlying

Answer:- Income statement:- An income statement is one of the most important part of the financial…

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.

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.

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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