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Default Multiplying the number in one cell and providing the product in an

I've never set up a formula before, not even the most basic. I need help and
I'm not sure if its entirely possible. Please let me know.

Labor Hours Labor Cost (95/hr)
2 190
5 950

I need to be able to enter in the number of hours in one cell (under labor
hrs) and have those hours multiplied by the cost ($95) and the product
displayed in the cooresponding cell (under labor cost).
Is this possible? If so, how?
 
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