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. Segment contribution margin Suburban Outlying $940,000 $540,000 188,000 138,000 407,000 327,000 218,000 188,000 In addition to the expenses listed above, the company has $140,000 of common fixed expenses. Income-tax expense for the year is $340,000. Metro $1,140,000 Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. Profit margin controllable by segment manager 88,000 157,000 78,000 Profit margin traceable to segment SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Countywide Cable Services Metro Segments of Company Suburban Outlying
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. Segment contribution margin Suburban Outlying $940,000 $540,000 188,000 138,000 407,000 327,000 218,000 188,000 In addition to the expenses listed above, the company has $140,000 of common fixed expenses. Income-tax expense for the year is $340,000. Metro $1,140,000 Required: 1. Prepare a segmented income statement for Countywide Cable Services, Inc. Profit margin controllable by segment manager 88,000 157,000 78,000 Profit margin traceable to segment SEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC. Countywide Cable Services Metro Segments of Company Suburban Outlying
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.3E
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