Exercise 6-29 Account-Classification Method; Food Processing (LO 6-1, 6-2, 6-5) Chillicothe Meat Company produces one of the best sausage products in southern Ohio. Required: 1. The company's controller used the account-classification method to compile the following (a) through (e) information: 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. 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 = < Required 1 Required 2 >