Transfer costing with status & exists for material & in plant &

What causes this issue?

The system could only find a cost component split that had errors
(status &V1&) when carrying out time-based and variant-based transfer
for material &V2& in plant &V3&.

System Response

This cost component split is not taken. Instead, the system valuates
the material using the price in the material master record. This price
is included as the result in cost rollup.

How to fix this error?

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

Error message extract from SAP system. Copyright SAP SE.