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Manage project Budget, rates not being picked from rate schedule

in Project Management

Summary:

Why in Manage Project Budget Page, the rates are not picked from the rate schedules defined instead get picked from Resource Class rate schedules - regardless of whether "Use Planning Rates" check box is checked in or not.
Infact, if "Use Planning Rates" check box is checked in, the system should pick rates from the planning rate schedules defined and if Actual rates are to be taken, then it should consider the rates in the Resource Class rate Schedules.

Some guidance on the same would be highly appreciated.

Thanks, Samadrita

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