Need Help

Need Help

I am farelt new to Zoho creator and had schooling on Microsoft Access, but it has been years since I did any coding and this is almost a different way of coding. It just seems I just can't get it right on this. Here is a draft of what im trying to do:
If Company_Name = "Company" 
{
Labor_Total = Labor_Hours * 60
}
{
Else Labor_Total =  Labor_Hours * 70
}

Note: -The Company_Name is a dropbox...would I need to give the comapny I put in there a value and if yes how?
       - Labor_Total is a currency text box
       - Labor_Hours is a text box
I know there are probably a lot of mistakes ont this, but all the help will be welcome