Frost the cooled cupcakes with a thin, smooth layer of frosting.
Add the M&M nose, the eyes, and draw a mouth with the red icing, making sure to leave room on the back of the cupcake for the "hat".
Melt the candy melts in a double boiler, a candy melt pot, or in the microwave following the package directions. Stir well to ensure that the chocolate is completely melted and smooth.
Dip the tip in the melted chocolate, swirling off any excess and immediately cover in sprinkles. Repeat with the bottom of the cone, working quickly before the chocolate cools. Place the cones on wax paper to set and cool.
When the cones are completely cooled and set, lightly dip the bottom of each cone in the chocolate and place them on top of the cupcakes.
Once the cupcakes are assembled, they are best consumed within 24 hours.
Notes
*Helpful hint: Assemble the cupcakes the same day that you plan on serving them. If the cones get soft, they tend to crack. You can decorate the faces and the cones the day before serving and place the “hats” on as the last step. This way, they stay perfect!*Calorie info estimated for cupcakes only