I suggest you to grab some information about variable scope. It will help you a lot to improve your programming skills.
In a function, all variables have a local scope. In your example, $calc means something as long as you are in funcname function. As soon as you re-enter the function, the $calc value is a brand new variable.
If you want to make it short and sweet, do this:
function funcname($first, $second){
return $first * $second;
}
And make your call this way:
echo funcname(5,76);