Lebanon Gasket Company Value Stream Statement for the Quarter Ended March 2005 Line Number Sustaining Costs Total Plant Injection Value Stream Extrusion Value Stream Sales Material Purchases Personnel Costs Equipment Related Costs Occupancy Costs Other Costs Value Stream Profit before Inventory Changes 342,875 393,575 358,963 1,095,413 4 1,087,197 8 Total Dec (Inc) in Inventory n/aValue Stream Profit n/a Shipping Costs 388,197 Corporate Allocation 10 Net Operating Income 11 Return on Sales 10.8% Required Part A. Complete the table remembering that the Total Plant top and bottom line match the traditional income statement in the case. Show me below how you got to your numbers for each line. Note that some lines are perhaps given or are simple subtotals. Refer to the example in the slides and your chapter Part B. Now that you have completed the values stream statement, explain at least three things that make this statement different from traditional statements and why it is more appropriate in a lean environment. Lebanon Gasket Company Value Stream Statement for the Quarter Ended March 2005 Line Number Sustaining Costs Total Plant Injection Value Stream Extrusion Value Stream Sales Material Purchases Personnel Costs Equipment Related Costs Occupancy Costs Other Costs Value Stream Profit before Inventory Changes 342,875 393,575 358,963 1,095,413 4 1,087,197 8 Total Dec (Inc) in Inventory n/aValue Stream Profit n/a Shipping Costs 388,197 Corporate Allocation 10 Net Operating Income 11 Return on Sales 10.8% Required Part A. Complete the table remembering that the Total Plant top and bottom line match the traditional income statement in the case. Show me below how you got to your numbers for each line. Note that some lines are perhaps given or are simple subtotals. Refer to the example in the slides and your chapter Part B. Now that you have completed the values stream statement, explain at least three things that make this statement different from traditional statements and why it is more appropriate in a lean environment