Posted: May 29th, 2021

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          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:

Prepare a segmented income statement for Countywide Cable Services, Inc. Use the contribution

format.

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