Exported video has 10x higher bitrate than selected (VBR, 1-pass)
These are my AME CC 2018 (12.1.1 | Build 12) settings. 0.30Mbps for 100 minutes (file size is the target). But my exported video has a bitrate of 2.9Mbps (and a 2.06GB file size to boot).


What has gone wrong here? Sure, VBR 2-pass would save me a few bits, but I can't fathom how this 10x size increase has happened. It should be 300kbps, not 3,000kbps. For peculiarities, I used hardware acceleration (QSV) and added a timecode. But besides that...this video is plain jane (recorded via OBS).
