\"We a .mtsam . .mwwe new tr . Project Three (Parts 1. 2 a 3) 0 5m 30 points eBuok i'i References M: Graw \"Huge mac. o.-. .. s ,c... use,\" me. - Because of competitive pressure, the company plans to increase the cost oi marketing consultants by $7.000 per month. Required: 1. Based on the preceding information. what is the percentage change, by line item and in total. for items in your budget? 2. The management team is worried about the shortrterm nancial position of the new company. Given the strain on available cash. the president has expressed a desire to keep marketing expenses over the next few months to a maximum of $360,000. Discussions with the marketing department indicate that telephone and mailing costs are the only category, in the short run. that can reasonably bear the planned-for reduction in marketing Costs, The budget you have prepared includes an assumed 10% increase in telephone and mailing costs. What must this percentage change (positive or negative) be in order to achieve targeted monthly marketing costs? (Hint.- The Goal Seek function in Excel can be used to calculate the percentage changes, which can be found under Data. then WhatIt Analysis.) complete thls question by enterlng your answers In the tabs below. Required 1 Required 2 Based on the preceding Informatlon, what Is the percentage change, by line Item and In total, for Items In your budget? (Round percentage answers to 2 decimal places. i.e. 0.1234 should be considered as 12.34%.) Sales commissions Sales stalls salaries Telepone and mailing Rentalsales ofce building Gas (utilities) Delivery charges Depreciauonoltice iumiture: Existing iurriiiure New lurniture Marketing consultants Total budgeted costs Prev 1 at 3 QMOUD _Nex_t ) Help Save 8: Exit a