Calling the resource compiler from a makefile - dll

Question

I am trying to add some version number information to a dll being compiled using a makefile. I have created an .rc file that builds using rc.exe, however rc.exe builds the .res file in the location of the rc file. rather than the current directory. I need the .res file to build to the build location, so am using the /fo option. The problem is I would like to generate the same build file name that rc.exe creates, simply have it output to the current build folder.
On advice I have developed the following makefile section, but it complains of a missing ')':
{$(START_DIR)\..\common}.rc{$(START_DIR)\..\common}.res:
#cmd /C "echo ### Compiling $<"
$(RC) /fo .\$(patsubst %.rc, %.res, $(notdir $<)) $<
The intent is to take the file name from the path of the source ($<) and develop a new path substituting the current directory .\ for the source directory, the file name of the source, and the .rc extension for the compiled .res extension. This developed path is then put to the /fo option, and then the linker will find it in the current build path.
This is all borne out of the annoyance that rc.exe seems to behave differently to cl.exe, in that cl.exe will build all to the current directory, rc.exe will build to the source directory. If there were a simpler solution to this I could avoid this trouble with the makefile.
EDIT: Minimum complete example
\test
\test\test.rc
\test\output
\test\output\test.mk
\test\output\test.bat
test.rc
#include <windows.h>
//#include <winnt.h>
LANGUAGE LANG_ENGLISH, SUBLANG_ENGLISH_US
VS_VERSION_INFO VERSIONINFO
FILEVERSION 1,0,0,1
PRODUCTVERSION 1,0,0,1
FILEFLAGSMASK 0x3fL // VS_FFI_FILEFLAGSMASK
#ifdef _DEBUG
FILEFLAGS 0x1L // VS_FF_DEBUG|VS_FF_PRIVATEBUILD|VS_FF_PRERELEASE
#else
FILEFLAGS 0x0L // final version
#endif
FILEOS VOS_NT_WINDOWS32
FILETYPE VFT_APP
FILESUBTYPE VFT2_UNKNOWN // not used
BEGIN
BLOCK "StringFileInfo"
BEGIN
BLOCK "040904E4" // Lang=US English, CharSet=Windows Multilingual
BEGIN
VALUE "Build", "August 2007\0"
VALUE "Comments", "Free for personal use only.\0"
VALUE "CompanyName", "Fake Company\0"
VALUE "Developer", "The Developer\0"
VALUE "FileDescription", "Application implementing something\0"
VALUE "FileVersion", "1.0.000\0"
VALUE "InternalName", "AppInternalName\0"
VALUE "LegalCopyright", "Copyright (C) 2007 Fake Company\0"
VALUE "LegalTrademarks", "All rights reserved.\0"
VALUE "OriginalFilename", "TheEXE.exe\0"
VALUE "PrivateBuild", "\0"
VALUE "ProductName", "The EXE\0"
VALUE "ProductVersion", "1.0.000\0"
VALUE "SpecialBuild", "\0"
VALUE "Support", "TheEXE at fake-domain.com\0"
VALUE "Users", "Unlimited.\0"
END // BLOCK "040904E4"
END // BLOCK "StringFileInfo"
BLOCK "VarFileInfo"
BEGIN
VALUE "Translation", 0x409, 1252 // 1252 = 0x04E4
END // BLOCK "VarFileInfo"
END'
test.mk:
{..\}.rc.res:
#cmd /C "echo ### Compiling $<"
$(RC) /fo .\$(patsubst %.rc,%.res,$(notdir $<)) $<
test.bat:
call "%VS100COMNTOOLS%..\..\VC\bin\vcvars64"
cd .
nmake -f test.mk
pause
From the test\output\ folder run the batch file.