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 production cost and X denotes quantity of sausage produced.) bX, where Ydenotes 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 $1.10 per pound of sausage produced. c. Wage records showed that compensation for production employees costs $0.70 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 $0.20 per pound of sausage produced Required 2 Required 1 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 denotere Tarrduction cost and X denotes quantity of sausage produced.) (Round coefficient of X to 2 decimal places.) Production cost per month = Required 2> Required 1