Material & has no overhead group assigned

What causes this issue?

Material &V1& has no overhead group in plant &V2&. No overhead key can
therefore be calculated to make an assignment to a template.

System Response

The material cannot be processed.

How to fix this error?

Assign an overhead group to material &V1& for plant &V2&.
Note that the respective overhead key has to be assigned to a template.

Error message extract from SAP system. Copyright SAP SE.