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While creating the application what "Calculation Module" had you selected.
If you want to use calculation manager you need to have the calculation module as Calculation Manager.
Planning Calculation Manager Administrator enables you to create business rules using Hyperion Calculation Manager.
Refer following link for more reference: -
http://www.oracle.com/webfolder/technetwork/tutorials/obe/hyp/PLN11.1.2_ClassicApp/index.html (Point 2)
Hope this helps.