Yarmouth Steel Company, produces wrought iron products to order. For a particular job for 100 bolts, they expected to rework 5 bolts, 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 bolts. Rework costs were $18 for materials and $10 for labor. Yarmouth Steel Company applies overhead at the rate of 200% of labor cost. Determine the cost per good bolt, after adjustments (if any) for the cost of rework. THE ANSWER IS NOT 12.48