Extraction error "Target cost version in controlling area does not exists"

Hi Gurus,
I am trying to pull some data from a SAP OLTP system into SAP BW 710 system, using extractor "0CO_PC_02". The data load is failing with the below error message:
Target cost version in controlling area does not exist     KN     147
Target cost version 2 not defined. Check your entry     KV     35
Internal program error ( Order 000010510554 Version 002 )     RM     11
Errors in source system     RSM     340
The same error is thrown when I am trying to execute the extractor in RSA3 in the source system.
Please help me with the resolution of the same. It's a high priority job we are handling as of now in this.
Thanks & Regards,
Vikas Kr.

You are attempting to display data on a target cost version that does not exist in controlling area.
see this http://forums.sdn.sap.com/thread.jspa?threadID=1609418
http://www.consolut.com/en/s/sap-ides-access/d/s/doc/YV-KN147

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Extraction error "Target cost version in controlling area does not exists"

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