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.