No active standard cost estimates exist

What causes this issue?

There is no active <GL:Plankalkulation>Standard Cost Estimate</> on &V1&
for material &V2& in plant &V3&.
The standard cost estimate only becomes active when the costing results
are marked and released in the material master record.

How to fix this error?

Check your entry.
Create a standard cost estimate for the material if necessary.
If there is data in production planning and control, then create a
<DS:GLOS.Kalkulation_mit_Mengengernst>Cost Estimate with Quantity
Structure</>.
<DS:TRAN.CK11N>Create Cost Estimate with Quantity Structure</>
If there is no such data, create a
<DS:GLOS.Kalkulation_ohne_Mengengernst>Cost Estimate Without Quantity
Structure</>.
<DS:TRAN.KKPAN>Create Cost Estimate Without Quantity Structure</>
Mark the standard cost estimate.
<DS:TRAN.CK24>Marking Standard Cost Estimates</>
Release the standard cost estimate.
<DS:TRAN.CK24>Releasing Standard Cost Estimates</>

Error message extract from SAP system. Copyright SAP SE.