Cost estimate does not exist. Material/Plant/Process/Date: & & & &

What causes this issue?

The system cannot find a preliminary cost estimate for the product cost
collector.
The system searches for the preliminary cost estimate for the product
cost collector under the combination of plant / material / production
process and date.
You intend to do the following on the basis of this cost estimate:
Valuate work in process (WIP) or scrap in accordance with the <LS>
valuation variant for work in process and scrap</>
Calculate production variances

System Response

The system cannot perform the desired function.

How to fix this error?

Check whether the desired cost estimate exists.
You do this by accessing the Product Cost Planning Information System.
If necessary, create a preliminary cost estimate for the product cost
collector.
To do this, go into the change mode of the product cost collector.
<DS:TRAN.KKF7>Proceed</>
If you want to valuate work in process or scrap on the basis of a
different cost estimate, check the valuation variant for work in process
and scrap.
If you want to perform variance calculation using a different target
cost version, check the target cost versions.
Perform WIP calculation or variance calculation again.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.