How To Fix KM487 - No cost estimate could be found for representative material &1

SAP Error Message - Details

• Message type: E = Error

• Message class: KM - Error messages for Profit Center Accounting

• Message number: 487

• Message text: No cost estimate could be found for representative material &1

What causes this issue?

No suitable cost estimate could be found for representative material
&V1& in plant &V2& on costing date &V3& with costing variant &V4&.

System Response

The costs could not be determined because no valuated bill of materials
can be built.

How to fix this error?

Check the <DS:SIMG.SIMG_CFMENUORK18KET3>costing key</> and the
parameters in the <DS:CHAP.SIMG_CFMENUORK1Z061>planning layout</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM487 - No cost estimate could be found for representative material &1 ?

  The SAP error message KM487 ("No cost estimate could be found for representative material &1") typically occurs in the context of cost management and material valuation. This error indicates that the system is unable to find a cost estimate for the specified material, which is necessary for various processes such as pricing, inventory valuation, and financial reporting.
  Causes:
  
  Missing Cost Estimate: The most common cause is that a cost estimate has not been created for the specified material.
  Incorrect Material Master Data: The material may not be set up correctly in the material master, or it may not be assigned to the correct valuation area.
  Costing Variant Issues: The costing variant used may not be configured properly, or it may not be applicable to the material in question.
  Inactive Costing: The cost estimate may have been marked as inactive or deleted.
  Valuation Class Issues: The valuation class assigned to the material may not be linked to a valid cost estimate.
  
  Solutions:
  
  Create a Cost Estimate: If no cost estimate exists, you need to create one for the material using transaction code CK11N (Create Cost Estimate with Quantity Structure) or CK40N (Create Cost Estimate).
  Check Material Master Data: Verify that the material master data is complete and correctly configured. Ensure that the valuation area and valuation class are set up properly.
  Review Costing Variants: Check the costing variant settings to ensure they are appropriate for the material and that they are active.
  Activate Cost Estimate: If a cost estimate exists but is inactive, you may need to activate it using transaction CK24 (Change Cost Estimate).
  Consult with Finance Team: If you are unsure about the costing setup, consult with your finance or controlling team to ensure that the correct processes are being followed.
  
  Related Information:
  
  Transaction Codes:
  
  CK11N: Create Cost Estimate with Quantity Structure
  CK40N: Create Cost Estimate
  CK24: Change Cost Estimate
  
  
  Costing Variants: Understand the costing variants and their configurations in the system, as they play a crucial role in how cost estimates are calculated.
  Material Master: Familiarize yourself with the material master data fields relevant to costing, such as valuation class and costing views.
  SAP Documentation: Refer to SAP Help documentation for detailed guidance on cost estimates and material valuation.
  
  By addressing the above causes and implementing the suggested solutions, you should be able to resolve the KM487 error in SAP.