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Comstock Bakery produced 1 , 0 0 0 cakes last month, incurring total variable costs of $ 7 , 5 0 0 . If production

Comstock Bakery produced 1,000 cakes last month, incurring total variable costs of $7,500. If production increases to 1,500 cakes next month, which of the following statements is true?Group of answer choices
The variable cost per cake is expected to be $7.50
Total variable costs are expected to be $7,500The variable cost per cake is expected to be $4.50
Total variable costs are expected to be $3,000

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