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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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