There are many kinds of such softwares if you google. And i prefer Audio Maker to any other.
it allows you not only to make music CDs from various audio formats, such as MP3, WMA, WAV, M4A, AAC, AC3, and FLAC, etc., also to rip audio with different audio profiles from CDs, and extract audio from video (AVI, MPEG, WMV, MP4, 3GP, MOV, RM) to burn Audio CD, MP3 CD, and WMA CD.
You can know more from: http://kooksoft.com/iMacsoft-Audio-Maker_2593.html
Hope you can like it!