How To Fix KZ307 - Variance key does not exist for cost object

KZ307 - Overview

• Message type: E = Error

• Message class: KZ - Cost Object Repetitive Mfg / Process Mfg

• Message number: 307

• Message text: Variance key does not exist for cost object

What causes this issue?

Although the variance key you entered exists in the system, it is
intended for other object types (such as orders).

System Response

Variances on cost objects cannot be determined with this variance key.

How to fix this error?

Go into Customizing and check the variance key for variance calculation
on cost object hierarchies.
Enter a variance key in the highest node of the cost object hierarchy,
being sure to use a variance key that is intended for a cost object
hierarchy.

Error message extract from SAP system. Copyright SAP SE.

KZ307 - Details

• The SAP error message KZ307, which states "Variance key does not exist for cost object," typically occurs in the context of controlling (CO) when you are trying to post a variance calculation for a cost object (like a cost center, internal order, or project) that does not have a defined variance key.
  
  Cause:
  
  Missing Variance Key: The primary cause of this error is that the cost object you are working with does not have a variance key assigned to it. The variance key is essential for determining how variances are calculated and reported.
  
  Configuration Issues: There may be issues in the configuration of the controlling area or the specific cost object type that prevent the variance key from being recognized.
  Incorrect Cost Object: The cost object you are trying to use may not be set up correctly or may not be valid for the operation you are attempting.
  
  
  Solution:
  
  
  Check Variance Key Assignment:
  
  Go to the configuration