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Iron Accents, Inc., produces wrought iron products to order. For a particular job for 100 curtain rings, they expected to rework 5 rings, and attribute

Iron Accents, Inc., produces wrought iron products to order. For a particular job for 100 curtain rings, they expected to rework 5 rings, and attribute the cost to the job. The job cost (prior to any adjustment for rework) was $1,200. Moreover, they had to rework 6 rings. Rework costs were $18 for materials and $10 for labor. Iron Accents applies overhead at the rate of 200% of labor cost. Determine the cost per good ring, after adjustments (if any) for the cost of rework.

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