Step 1: Concept
The reaction must be balanced by mass and charge in acidic medium.
Step 2: Meaning
Balance oxygen using $H_2O$ and hydrogen using $H^+$.
Step 3: Analysis
7 Oxygens require 7 $H_2O$ ($z=7$). 14 Hydrogens require 14 $H^+$ ($x=14$). To balance the total charge (+12 on left, +6 on right), 6 electrons are needed ($y=6$).
Step 4: Conclusion
The values are $x=14$, $y=6$, and $z=7$.
Final Answer: (C)