How To Fix CK543 - No future standard cost estimate has been marked for material &1

SAP Error Message - Details

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 543

• Message text: No future standard cost estimate has been marked for material &1

What causes this issue?

You are attempting to release the standard cost estimate of material
&v1& for posting period &v2& of fiscal year &v3&. This standard cost
estimate could not be found.

System Response

The standard cost estimate is not released.

How to fix this error?

Save a standard cost estimate for material &v1& for posting period &v2&
of fiscal year &v3&.
Mark this standard cost estimate for posting period &v2& &v3&.
Release this standard cost estimate for posting period &v2& &v3&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK543 - No future standard cost estimate has been marked for material &1 ?

  The SAP error message CK543 "No future standard cost estimate has been marked for material &1" typically occurs when you are trying to perform a transaction that requires a future standard cost estimate for a material, but none has been created or marked for that material.
  Cause:
  
  No Future Standard Cost Estimate: The primary cause of this error is that there is no future standard cost estimate available for the specified material. This can happen if the cost estimate has not been created or if it has not been marked for future use.
  Costing Run Not Executed: The costing run for the material may not have been executed for the future period.
  Incorrect Period: The transaction may be trying to access a future period for which no cost estimate has been defined.
  
  Solution:
  
  
  Create a Future Standard Cost Estimate:
  
  Go to the transaction code CK11N (Create Cost Estimate with Quantity Structure).
  Enter the material number and the relevant plant.
  Specify the future period for which you want to create the cost estimate.
  Execute the costing run and ensure that the cost estimate is saved.
  
  
  
  Mark the Cost Estimate:
  
  After creating the cost estimate, ensure that it is marked for future use. You can do this by using transaction CK24 (Release Cost Estimate) to mark the cost estimate as valid for the future period.
  
  
  
  Check Existing Cost Estimates:
  
  Use transaction CK13N (Display Cost Estimate) to check if there are any existing cost estimates for the material and the relevant period.
  If there are existing estimates, ensure they are marked correctly.
  
  
  
  Review Configuration:
  
  Ensure that the configuration settings for costing are correctly set up in the system. This includes checking the costing variant and the parameters used for the costing run.
  
  
  
  Related Information:
  
  Costing Variants: Understand the costing variants used in your organization, as they define how costs are calculated and which parameters are considered.
  Costing Run: Familiarize yourself with the costing run process, including how to execute it and the necessary prerequisites.
  Material Master Data: Ensure that the material master data is correctly maintained, including the valuation class and other relevant fields.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP documentation for further troubleshooting.