Please help me with this homework. Thank you

The directors of XYZ Plc in conjunction with their subsidiary company Novapark Limited have identified and defined a market in which it wishes to operate. This will provided a 'millennium' focus for an existing product range. Novapark has identified a number of key competitors and intends to focus on close cooperation with its customers in providing products to meet their specific design and quality requirements. Efforts will be made to improve the effectiveness of all aspects of the cycle from product design to after sales service to customers. This will require inputs from a number of departments in the achievement of specific goals of the 'millennium' product range. Efforts will be made to improve productivity in conjunction with increased flexibility of methods. An analysis of financial and non-financial data relating to the 'millennium' proposal is shown in Schedule 1. (see over) Required: (a) (i) Prepare a table (m) of the total costs for the 'millennium'proposal for each of years 2018, 2019 and 2020 (as shown in Schedule 1), detailing target costs, internal and external failure costs, appraisal costs and prevention costs. The following information should be used in the preparation of the analysis: 2018 40% 2m 20% 2019 40% 2m 10% 2020 40% 2.5m 5% Target costs-variable (as % of sales -fixed (total) Internal failure costs (% of total target cost) External failure costs (% of total target cost) Appraisal costs Prevention costs 25% 12% 5% 0.5m 2m 0.5m 1m 0.5m 0.5m (ii) Explain the meaning of each of the cost classifications in (i) above and comment on their trend and inter-relationship. You should provide examples of each classification. (b) Prepare an analysis (both discursive and quantitative) of the 'millennium' proposal for the period 2018 to 2020. The analysis should use the information provided in the question, together with the data in Schedule 1. The analysis should contain the following: (i) A definition of corporate 'vision or mission' and consideration of how the millennium proposal may be seen as identifying and illustrating a specific sub-set of the 'vison or mission'. (ii) Discussion and quantification of the proposal in both marketing and financial terms. (iii) Discussion of then external effectiveness of the proposal in the context of ways in which 1. Quality and 2. Delivery are expected to affect customer satisfaction and hence the marketing of the product. (iv) Discussion of the internal efficiency of the proposal in the context of ways in which the management of 1. Cycle Time and 2. Waste are expected to affect productivity and hence the financial aspects of the proposal. (v) Discussion of the links between internal and external aspects of the expected trends in performance. Schedule 1 - Millennium' proposal- estimated statistics 2018 120 15 14.1 2019 125 18 12.72 2020 130 20 12.55 95% 3.0% 97% 1.5% 98% 0.5% Total market size (m) Novapark Ltd sales (m) Novapark Ltd -total costs (m) Novapark Ltd sundry statistics: Production achieving design quality standards (%) Returns from customers as unsuitable (% of deliveries) Cost of after sales service (m) Sales meeting planned delivery dates (%) Average cycle time (customer enquiry to delivery)- weeks- Components scrapped in production (%) Idle Machine capacity (%) 1.5 90% 6 1.25 95% 5.5 1.0 99% 5 7.5% 10% 5.0% 6% 2.5% 2% The directors of XYZ Plc in conjunction with their subsidiary company Novapark Limited have identified and defined a market in which it wishes to operate. This will provided a 'millennium' focus for an existing product range. Novapark has identified a number of key competitors and intends to focus on close cooperation with its customers in providing products to meet their specific design and quality requirements. Efforts will be made to improve the effectiveness of all aspects of the cycle from product design to after sales service to customers. This will require inputs from a number of departments in the achievement of specific goals of the 'millennium' product range. Efforts will be made to improve productivity in conjunction with increased flexibility of methods. An analysis of financial and non-financial data relating to the 'millennium' proposal is shown in Schedule 1. (see over) Required: (a) (i) Prepare a table (m) of the total costs for the 'millennium'proposal for each of years 2018, 2019 and 2020 (as shown in Schedule 1), detailing target costs, internal and external failure costs, appraisal costs and prevention costs. The following information should be used in the preparation of the analysis: 2018 40% 2m 20% 2019 40% 2m 10% 2020 40% 2.5m 5% Target costs-variable (as % of sales -fixed (total) Internal failure costs (% of total target cost) External failure costs (% of total target cost) Appraisal costs Prevention costs 25% 12% 5% 0.5m 2m 0.5m 1m 0.5m 0.5m (ii) Explain the meaning of each of the cost classifications in (i) above and comment on their trend and inter-relationship. You should provide examples of each classification. (b) Prepare an analysis (both discursive and quantitative) of the 'millennium' proposal for the period 2018 to 2020. The analysis should use the information provided in the question, together with the data in Schedule 1. The analysis should contain the following: (i) A definition of corporate 'vision or mission' and consideration of how the millennium proposal may be seen as identifying and illustrating a specific sub-set of the 'vison or mission'. (ii) Discussion and quantification of the proposal in both marketing and financial terms. (iii) Discussion of then external effectiveness of the proposal in the context of ways in which 1. Quality and 2. Delivery are expected to affect customer satisfaction and hence the marketing of the product. (iv) Discussion of the internal efficiency of the proposal in the context of ways in which the management of 1. Cycle Time and 2. Waste are expected to affect productivity and hence the financial aspects of the proposal. (v) Discussion of the links between internal and external aspects of the expected trends in performance. Schedule 1 - Millennium' proposal- estimated statistics 2018 120 15 14.1 2019 125 18 12.72 2020 130 20 12.55 95% 3.0% 97% 1.5% 98% 0.5% Total market size (m) Novapark Ltd sales (m) Novapark Ltd -total costs (m) Novapark Ltd sundry statistics: Production achieving design quality standards (%) Returns from customers as unsuitable (% of deliveries) Cost of after sales service (m) Sales meeting planned delivery dates (%) Average cycle time (customer enquiry to delivery)- weeks- Components scrapped in production (%) Idle Machine capacity (%) 1.5 90% 6 1.25 95% 5.5 1.0 99% 5 7.5% 10% 5.0% 6% 2.5% 2%