It's really quite simple.
Note: Set the default Indeterminate Frame Rate to 24 fps (Preferences - Media).
1. Open Media Encoder;
2. Click the "+" button;
3. Navigate to your project images folder;
4. Select the first frame and hit "Open";
5. Adjust settings to H264 and Match Source;
6. Select your project movies folder as the destination;
7. Hit the Green Arrow; and
8. Et voila!