Activity type & is not set up for cost center & & in the year &

What causes this issue?

You are attempting to allocate activity type &V1& to the work center.
However, this activity type has not be set up in controlling area &V2&
for cost center &V3& on &V4&.

How to fix this error?

Allocate an activity type to the work center that is set up for the cost
center &V3& on &V4& or
setup the activity type you want in cost center &V3& within cost center
accounting to &V4&. Please remember, that both the assignment of a work
center to a cost center and the allocation of an activity type to a
cost center have validity periods.

Error message extract from SAP system. Copyright SAP SE.