How To Fix KV237 - With costing variant type "S" specify a costing variant and version

KV237 - Overview

• Message type: E = Error

• Message class: KV - Variance Analysis for Cost Centers and Cost Objects

• Message number: 237

• Message text: With costing variant type "S" specify a costing variant and version

What causes this issue?

For the desired <DS:GLOS.costing_variant_type>costing variant type</>
for an alternative <DS:GLOS.material_cost_estimate>material cost
estimate</>, you must enter a <DS:GLOS.costing_variant>costing
variant</> and a <DS:GLOS.costing_version>costing version</>.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Enter a costing variant and a costing version.
You can acccess a list of existing cost estimates in the <LS>Product
Cost Controlling Information System</> under <LS>Product Cost Planning
-> Object List -> For Material -> List of Existing Cost Estimates</>.

Error message extract from SAP system. Copyright SAP SE.

KV237 - Details

• The SAP error message KV237 indicates that when using costing variant type "S" (which is typically used for standard costing), the system requires you to specify a costing variant and version. This error usually occurs during the execution of a costing run or when trying to perform a cost estimate.
  
  Cause:
  The error is triggered because the system expects specific parameters to be defined for the costing variant when you are trying to execute a cost estimate. The costing variant type "S" is designed for standard costing, and it needs a corresponding costing variant and version to proceed with the cost calculation.
  
  Solution:
  To resolve this error, you need to ensure that you have specified the costing variant and version correctly in your costing run. Here are the steps to do this:
  
  
  Check Costing Variant Configuration:
  
  Go to the configuration settings for costing variants in SAP (Transaction code: OKKN).
  Ensure that you have a costing variant defined