Chillicothe Meat Company produces one of the best sausage products in southern Ohio. The company's controller used the account- classification method to compile the following information Required: 1. Classify each cost item as variable, fixed, or semivariable. 2. Write a cost formula to express the cost behavior of the firm's production costs. (Use the formula Y= a + bx, where y denotes production cost and X denotes quantity of sausage produced.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Classify each cost item as variable, fixed, or semivariable a. Depreciation schedules revealed that monthly depreciation on buildings and equipment is $19.000 b. Inspection of several invoices from meat packers indicated that meat costs the company 51 10 per pound of sausage produced c Wage records showed that compensation for production employees costs 50 70 per pound of sausage produced, d. Payroll records showed that supervisory salaries total $10,000 per month e. Utility bills revealed that the company incurs utility costs of $4.000 per month plus 50 20 per pound of sausage produced Read2 Chillicothe Meat Company produces one of the best sausage products in southern Ohio. The company's controller used the account- classification method to compile the following information Required: 1. Classify each cost item as variable, fixed, or semivariable. 2. Write a cost formula to express the cost behavior of the firm's production costs. (Use the formula Y= a +bX, where Y denotes production cost and X denotes quantity of sausage produced) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Write a cost formula to express the cost behavior of the firm's production costs. Use the formula Y = a + bx, where y denotes production cost and x denotes quantity of sausage produced.) (Round coefficient of X to 2 decimal places.) Production cost per month