BPM, beat duration and video frames
At 120 BPM, there are 2 beats per second (2 Hz), 7,200 beats per hour and 500 ms per beat. Here Hz describes the beat repetition rate, not the pitch of an audio note.
Video FPS is a separate input. At 30 FPS and 120 BPM, one beat spans 15 frames. Changing the FPS changes the frames-per-beat result; BPM does not determine the video frame rate.