10 Nov Countywide Cable Services, Inc. is organized with
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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