Price Variance. Definition: Price variance is the actual unit cost of a purchased item, minus its standard cost, multiplied by the quantity of actual units purchased. The price variance formula is: (Actual cost incurred-standard cost) x Actual quantity of units purchased. = Price variance. If the actual cost incurred is lower than the standard cost, this is considered a favorable price variance.
Calcium carbonate is a common, naturally occurring calcium salt that is often used as a source of calcium in supplements. Its abundance in nature makes calcium carbonate the least expensive supplemental calcium salt. It is also a major component of some types of stone that are used in architecture and sculpture.
Although calcium is the fifth most abundant element in the earth's crust, it is never found free in nature since it easily forms compounds by reacting with oxygen and water. Metallic calcium was first isolated by Sir Humphry Davy in 1808 through the electrolysis of a mixture of lime (CaO) and mercuric oxide (HgO).lthough calcium is the fifth most abundant element in the earth's crust, it is never found free in nature since it easily forms compounds by reacting with oxygen and water. Metallic calcium was first isolated by Sir Humphry Davy in 1808 through the electrolysis of a mixture of lime (CaO) and mercuric oxide (HgO).