Material & in plant & has no alternative BOM & and usage &

What causes this issue?

You are attempting to cost with alternative BOM &V3& BOM usage &V4&,
but this alternative BOM does not exist for material &v1& in plant
&v2&. You entered the combination of the alternative BOM and the BOM
usage in the initial screen of the cost estimate, or you maintained it
in the costing view of the material master.

How to fix this error?

Enter a valid alternative BOM and BOM usage.

Error message extract from SAP system. Copyright SAP SE.