Activity Types and Price Planning

Hello Experts,

Please let me know the procedure to allocate a labour hours. I had create a work order, but after confirmation of the order it show the errors stated cost errors. I tried through KP26 and filled the details below:

Version                      0                         Plan/actual version

From period               1                         January

To period                 12                        December

Fiscal year               2016

Cost Center          4110                      Technical Facilities

Activity Type        1410                      Repair Hours

Is it correct, if not than what is the correct way.

Please let me know the next steps, so i can capture the plan and actual cost for labour hours.

Thanks in advance.