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Error in Target cost version

rajesh_sutar2
Active Contributor
0 Kudos

Hi Experts,

Can any body solve following error.

I was creating Target cost version ( T-code OKV6 ) but facing following error.

Version 2222 1 not intended to be used as the target cost version

Diagnosis

The specified target cost version has not been flagged in central version maintenance as suitable for variance calculation.

Procedure

1. Check the entries in the central version table.

2. If appropriate, flag the version as suitable for variance calculation.

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi Raja,

The error message "The specified target cost version has not been flagged in central version maintenance as suitable for variance calculation" is relating to the Version Maintenance in OKEQ only. You have to set the check box for "Variance" in Controlling Area settings of the Version. There is no other problem.

Pls check the settings once again. Pls give the Error Message number (system shows it in the long text) if possible.

Srikanth Munnaluri

rajesh_sutar2
Active Contributor
0 Kudos

Hi Shrikanth,

Thanks again for your reply.

I have checked setting & same are okay as u said.

please refer Message no. KQ243

Former Member
0 Kudos

Hi Raja,

The standard system supplies the following target cost versions:

Target cost version 0 ( total variance)

The amount of the total variance generates a posting in Financial Accounting during settlement.

For this version, select actual costs as the control costs and standard cost estimate as the target costs.

Target cost version 1 ( production variance)

For this version you choose actual costs as the control costs and planned costs as the target costs.

Target cost version 2( planning variance)

With target cost version 2, the costs from the preliminary order cost estimate are interpreted as control costs. For this version, select planned costs as the control costs and current cost estimate as the target costs. You cannot calculate planning variances for the product cost collector.

Target cost version 3 (production variance of the period)

You compare the planned costs of the period calculated on the basis of an alternative material cost estimate (such as a modified standard cost estimate) with the actual costs of the period on the basis of the yield delivered to stock in the period.

Try using "0" Version in combination with your Controlling Area.

Pls revert back with result...

Srikanth Munnaluri

Former Member
0 Kudos

Hi Raja/Sreekanth,

I would like to add something to What Sreekanth says. If you are trying to create Target Cost version 1,2 or 3 first we must create that version in OKEQ. in that first select version 1 or 2 which you are going to create as Target cost version and select Controlling area Settings button. then system will show you message then select yes. then try to create Target Cost version

Thanks

Prasad

Answers (2)

Answers (2)

Former Member
0 Kudos

Hi Raja,

Go to Version Maintenance (OKEQ), Select your Version, double click on "Controlling Area Settings" in the left side navigation, there on the right side, you have to check the boxe for "Variance" which is next to WIP/RA. Unless you do this, you cannot use that Version for Variances.

Apart from the above setting, pls check the following also...

1. Defining Variace Keys (OKV1)

2. Define Default Variance Keys for Plants (OKVW)

3. Check Variance Variants (OKVG)

Pls check and revert back if you still face any problem...

Srikanth Munnaluri

rajesh_sutar2
Active Contributor
0 Kudos

Hi Shrikant,

Thanks for your reply.

I have made all setting as per you said. But still facing same error.

Keshi1
Active Participant
0 Kudos

hi

Define Valuation Variant for WIP and Scrap (Target Costs).

Activate target cost version in OKV6

Kesh