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Default Multiple Logics to be looked at

I am preparing an estimates tool. I have 5 different products and each has 2
types of deliverables, RN and UG.
In a table we have estimates for each product individually.
Now, i am looking for a formula which has to first see the product, then the
severity of the defect, lookup the estimated hours and multiply the no. of
defects/pages with the estimates and give. Any suggestion?
 
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