Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying.
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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
Outlying
Service revenue
1,000,000
800,000
400,000
Variable expenses
200,000
150,000
100,000
Controllable fixed expenses
400,000
320,000
150,000
Fixed expenses controllable by others
230,000
200,000
90,000
In addition to the expenses listed above, the company has $95,000 of common fixed expenses. Income-tax expense for the year is $145,000.
Required:
1. Prepare a segmented income statement for Countywide Cable Services, Inc. Use the contribution format.
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