With Nero Burning ROM you can encode audio files of an Audio CD in MP3 formats using the Lame Codec. Set these options in the MP3 Settings window that you can open in the Encode files window via the Settings button. Ensure that you have selected Lame MP3 Encoder as the Output file format.  
The following encoding options are available in the Settings area:
Drop-down menu
Constant Bit Rate

Selects a constant bit rate, i.e. the data flow per unit of time and the quality of the saved data are the same over the entire audio file. If the bit rate is small, less data is transferred. The file is then small, but quality is lower. If the bit rate is high, more data is transferred. The file size is then large, but the quality is high. The default value of 128 for MP3 files is near CD quality.

Drop-down menu
Variable Bit Rate

Selects variable bit rate, i.e. the data flow per unit of time – and thus the quantity of the saved data – adapts to the dynamics of the audio file. The bit rate, for example, can be lowered at quieter points in the track.
Select your desired quality level in the drop-down menu.

The following encoding options are available in the Expert settings area:
Drop-down menu
Encoding quality

Specifies the encoder quality. These settings specify whether you place more value on fast encoding (lowest/fastest) or more value on a superior psychoacoustic encoder model for the very best results (highest/slowest).

Check box
Original bit
 

Sets the original bit in the music file, which differentiates between the copy and the original.
Check box selected: Original bit = 1, i.e. original.
Check box cleared: Original bit = 0, i.e. copy.

Check box
Private bit

Sets the private bit in the music file. It is reserved for the user and is only used for informational purposes.

Check box
Copyright bit

Sets the copyright bit in the music file, which identifies protected content.
Check box selected: Copyright bit = 1, i.e. protected.
Check box cleared: Copyright bit = 0, i.e. unprotected.

Check box
Write CRC

Also sets a checksum in the music file to ensure that transfer errors are detected.

 
MP3
The MPEG-1 Audio Layer 3 audio format is used to reduce the size of audio files to a fraction of their original size (factor 1:10) with little loss of quality. You can estimate about 1 MB per minute as opposed to 10 MB for the original files. This value and the quality can vary depending on the complexity of the audio signal. The bit rate used can be used as a measure of quality. The higher the bit rate, the better the quality, but also the more memory required.

Codec
The compressor/decompressor encodes the data for recording or saving digitally and then decodes it for playback. Various software codecs are available such as Cinapak, Indeo, Quicktime, Video for Windows, etc. Hardware codecs include MPEG, H.261, Motion JPEG, etc.

MP3 Lame Encoding Options