How To Fix CK547 - No future standard cost estimate exists for posting period &3 &4

CK547 - Overview

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 547

• Message text: No future standard cost estimate exists for posting period &3 &4

What causes this issue?

You are attempting to release the standard cost estimate of material
&v1& in plant &v2& for the future posting period &v3& of fiscal year
&v4&.

System Response

The system could not find this cost estimate.

How to fix this error?

Cost the material again, mark the cost estimate, and release it.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CK547 - No future standard cost estimate exists for posting period &3 &4 ?

  The SAP error message CK547 "No future standard cost estimate exists for posting period &3 &4" typically occurs when you are trying to post a transaction that requires a standard cost estimate for a future period, but no such estimate has been created or is available in the system for that specific period.
  
  Cause:
  
  Missing Standard Cost Estimate: The primary cause of this error is that a standard cost estimate has not been created for the material in question for the specified future posting period.
  Posting Period: The error indicates that the posting period you are trying to use is beyond the current period, and the system does not have a standard cost estimate for that future period.
  Costing Variant Settings: There may be issues with the costing variant settings that prevent the creation of future cost estimates.
  
  
  Solution:
  
  
  Create a Standard Cost Estimate:
  
  Navigate to the transaction code CK11N (Create Standard Cost Estimate).
  Enter the relevant material