QMAKE: Windows: VS2008: RESOURCES instruction triggers "rcc.exe: File does not exist" message when qmake is run from another folder

QMAKE: Windows: VS2008: RESOURCES instruction triggers "rcc.exe: File does not exist" message when qmake is run from another folder

Reproduced using qmake 2.01a (in QT 4.7.3)

Reproducible Steps:

1. In examples/qmake/tutorial create a hello.pro with the following instructions:

TEMPLATE = vcapp
SOURCES += hello.cpp
RESOURCES += hello.qrc

2. Also, create hello.qrc with the following instructions

<!DOCTYPE RCC><RCC version="1.0">
        <qresource>
                <file>Resources/foo.png</file>
        </qresource>
</RCC> 

3. Change to the parent folder (.../examples/qmake)
4. Run

qmake -spec win32-msvc2008 -tp vc tutorial/hello.pro

Many messages appear and the vcproj isn't created properly with foo.png listed as a resource.

qmake messages:

c:\temp\Qt\4.7.3\bin\rcc.exe: File does not exist 'tutorial\hello.qrc'
...

This bug QTBUG-1918 was reported and closed, but the resolution is unclear, and a comment says to report it again if this is still happening.