The transcode settings are defined on a shot-by-shot basis. Some of the settings (e.g., Resize and LUT Options menus) can be applied to the media without having to click the Transcode button, and the other settings are not applied until you click the Transcode button. Once you click the Transcode button, the job is sent to the Backburner Manager where it is transcoded. When you begin transcoding, the transcoded media immediately replaces the current media. After the transcoding is complete, the cut is automatically saved and the media paths and processing options are stored in the cut file.
Once the transcode options are set, you can copy select settings from one shot to another using the Transcode Settings parameters found within the Selector. See Copying Parameters with the Selector.