How to Use "Formula Driven Materials"

How to Use "Formula Driven Materials"

When the drawing practice you use in a project (lets say 100 - 200 Products) is drawn in one "MODEL SPACE" environment, numbering each product starting with the Room Number. (I.E. 101-01, 210-01)  and you have three different PL colors thru out the job. How do you set up "Formula Driven Materials", for this application?

The Knowledge Base "Overview :Formula-Driven Materials" does not cover the procedure, I am looking for.

Searched for a Video and no luck.

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