How To Fix K3024 - Cost estimate for material & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: K3 - Material Cost Estimate

• Message number: 024

• Message text: Cost estimate for material & does not exist

What causes this issue?

You have not yet created a cost estimate for material &V1&.

How to fix this error?

Create a cost estimate for material &V1& and select the function again.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message K3024 - Cost estimate for material & does not exist ?

  The SAP error message K3024 ("Cost estimate for material & does not exist") typically occurs when you are trying to access or process a cost estimate for a material that has not been created or is not available in the system. This can happen in various scenarios, such as during the creation of a production order, when running a cost report, or when trying to analyze costs.
  Causes:
  
  No Cost Estimate Created: The most common reason for this error is that a cost estimate for the specified material has not been created in the system.
  Costing Variant Issues: The costing variant used may not be set up correctly or may not be applicable for the material.
  Material Master Data: The material may not be properly set up in the material master, or it may not be assigned to the correct valuation area.
  Valuation Class: The valuation class of the material may not be linked to a valid cost estimate.
  Period Closing: If the cost estimate is period-specific, it may not be available due to period closing activities.
  
  Solutions:
  
  
  Create a Cost Estimate:
  
  Go to the transaction code CK11N (Create Cost Estimate with Quantity Structure) to create a new cost estimate for the material.
  Ensure that you select the correct costing variant and enter all necessary data.
  
  
  
  Check Existing Cost Estimates:
  
  Use transaction CK13N (Display Cost Estimate) to check if a cost estimate exists for the material. If it does not, you will need to create one.
  
  
  
  Review Material Master Data:
  
  Check the material master data using transaction MM03 (Display Material) to ensure that the material is set up correctly, including the valuation area and valuation class.
  
  
  
  Validate Costing Variant:
  
  Ensure that the costing variant used is correctly configured and applicable for the material. You can check this in the configuration settings (transaction OKKN).
  
  
  
  Check for Period Closing:
  
  If the error occurs during a specific period, check if the period is closed for costing purposes. If so, you may need to open the period or create a new cost estimate for the next period.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific configurations related to costing and material management.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  CK11N: Create Cost Estimate
  CK13N: Display Cost Estimate
  MM03: Display Material
  OKKN: Costing Variants Configuration
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to cost estimates and the specific error message.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to create or view cost estimates.
  
  
  By following these steps, you should be able to resolve the K3024 error and ensure that cost estimates are properly created and maintained for your materials in SAP.