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Default 7+ if statements

I am trying to create a worksheet that will allocate operating expenses to 6
different departments. I have 14 allocation methods on tab "Alloc" that are
identified with letters A thru L. On the expense alloction tab I have
assigend a letter(A thru L) in column "E" to identify the allocation method.
My formula is:

=IF($E7="A",($D7*'Alloc'!E$7),IF($E7="B"($D7*'Allo c'!E$10).....thru "L".

However, my formula will only accept the if statments thur letter H ( 7
nested). Is there any way around this that will allow me to include the
other 7 allocation methods in my if statments?

As you can probably tell I'm pretty basic.
Thanks
 
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