How To Fix CK550 - Material &1 in plant &2 has no costing view

CK550 - Overview

• Message type: E = Error

• Message class: CK - Product Costing Messages

• Message number: 550

• Message text: Material &1 in plant &2 has no costing view

What causes this issue?

You are attempting to release the standard cost estimate of material
&v1& in plant &v2& for a certain posting period. However, the system
determined that the master record of this material does not have a
costing view.

System Response

The cost estimate is not released.

How to fix this error?

Create a costing view in the master record of material &v1& in plant
&v2&.
Mark the standard cost estimate of the material for the current period
or for a future period.
Release this standard cost estimate.

Error message extract from SAP system. Copyright SAP SE.

CK550 - Details

• The SAP error message CK550 indicates that a material in a specific plant does not have a costing view. This is a common issue encountered in SAP when trying to perform cost calculations or when executing transactions that require a costing view for the material.
  
  Cause:
  The error occurs because the material master record for the specified material in the specified plant does not have a costing view (view "Costing 1" or "Costing 2") maintained. The costing view is essential for various processes, including product costing, inventory valuation, and financial reporting.
  
  Solution:
  To resolve this error, you need to create or maintain the costing view for the material in the material master. Here are the steps to do this:
  
  
  Access the Material Master:
  
  Use transaction code MM01 (Create Material) or MM02 (Change Material) in SAP.
  
  
  
  Enter Material and Plant:
  
  Input the material number and the plant where the error occurred.
  
  
  
  Select Views:
  
  In the selection screen, ensure that you select