Countywide cable services- inc. is organized with three segments:
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 OutlyingService revenue ………………………………………… $1,000,000 $800,000 $400,000Variable expenses ………………………………………. 200,000 150,000 100,000Controllable fixed expenses …………………………. 400,000 320,000 150,000Fixed expenses controllable by others …………… 230,000 200,000 90,000In 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:Prepare a segmented income statement for Countywide Cable Services, Inc. Use the contributionformat.
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