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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 Metro $1,030,000 Suburban Outlying $830,000 $430,000 116,000 66,000 124,000 56,000 166,000 374,000 294,000 196,000 166,000 In addition to the expenses listed above, the company has $85,000 of common fixed expenses. Income-tax expense for the year is $285,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc.

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 Metro $1,030,000 Suburban Outlying $830,000 $430,000 116,000 66,000 124,000 56,000 166,000 374,000 294,000 196,000 166,000 In addition to the expenses listed above, the company has $85,000 of common fixed expenses. Income-tax expense for the year is $285,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Segment contribution margin SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Profit margin controllable by segment manager Profit margin traceable to segment Countywide Cable Services $ $ $ $ $ ▶▶▶ 0 $ 0 0 0 0 $ $ Metro Segments of Company 0 $ 0 Suburban 0 $ $ 0 0 $ $ 0 $ Outlying 0 0 0
Transcribed Image Text:Segment contribution margin SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Profit margin controllable by segment manager Profit margin traceable to segment Countywide Cable Services $ $ $ $ $ ▶▶▶ 0 $ 0 0 0 0 $ $ Metro Segments of Company 0 $ 0 Suburban 0 $ $ 0 0 $ $ 0 $ Outlying 0 0 0
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 Metro $1,030,000 Suburban $830,000 166,000 116,000 374,000 294,000 196,000 166,000 Outlying $430,000 66,000 124,000 56,000 In addition to the expenses listed above, the company has $85,000 of common fixed expenses. Income-tax expense for the year is $285,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc.
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 Metro $1,030,000 Suburban $830,000 166,000 116,000 374,000 294,000 196,000 166,000 Outlying $430,000 66,000 124,000 56,000 In addition to the expenses listed above, the company has $85,000 of common fixed expenses. Income-tax expense for the year is $285,000. Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc.
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