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Chillicothe Meat Company produces one of the best sausage products in southern Ohio. The company's controller used the accountclassification method to compile the following information. 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 $070 per pound of sausage produced. d. Payroll records showed that supervisory salaties total $10,000 per month. e. Utility bills revealed that the company incurs utility casts of $4,000 per month plus $0.20 per pound of sausage produced. 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=+bX, where Y denotes production cost and X denotes quantity of sausage produced.) Complete this question by entering your answers in the tabs below. 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. a. Depreciation schedules revealed that monthly depreciation on bulldings 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 salarles 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: 1. Classify each cost item as variable, fixed, or semivarlable. 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. 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.) Note: Round coefficient of x to 2 decimal places