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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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.
Metro
Suburban
Service revenue
Variable expenses
Controllable fixed expenses
Fixed expenses controllable by others
$970,000
154, 000
356,000
184,000
$770,000
104,000
276,000
154,000
Outlying
$370,000
54,000
106,000
44,000
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.
ces
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
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Transcribed Image Text:Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Metro Suburban Service revenue Variable expenses Controllable fixed expenses Fixed expenses controllable by others $970,000 154, 000 356,000 184,000 $770,000 104,000 276,000 154,000 Outlying $370,000 54,000 106,000 44,000 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. ces 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 < Prev 2 of 7 Next
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