You are given the following variances from Core Corporation's reports: Materials price Materials quantity Labor price Labor quantity Overhead P 420 Favorable 600 Favorable 420 Unfavorable 1,000 Favorable 900 Favorable In Core Corporation's income statement, they report actual gross profit of P52,500. Core would report gross profit at standard of a. 53,340 b. 47,500 c. 46,660 d. 50,000