Financial Planning Partners Inc., employs 12 full-time CPAs and 10 paraprofessionals. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Following is information for 2020: Budget - Indirect costs: $250,000 - Annual salary of each attorney: $109,000 - Annual salary of each paraprofessional: $25,000 - Total professional labor-hours: 40,000 dlh Actual - Indirect costs: $311,000 - Annual salary of each attorney: $119,000 - Annual salary of each paraprofessional : $26,000 - Total professional labor-hours: 54,000 dlh When using a normal costing system, year-end accounting records will show that indirect costs are: underallocated within budget overallocated perfectly allocated