Microwave candy coating according to package directions.
In a large bowl, combine melted Candiquik with chex cereal. Stir gently until blended.
Sprinkle with hot cocoa mix and powdered sugar, folding over with a wooden spoon until fully coated. Add marshmallows bits.
Store puppy chow/ muddy buddies in a large ziploc bag or airtight container for up to one week. ENJOY.
Notes
Stir gently when coating the Chex with the melted vanilla candiquik to avoid crushing the rice squares.
You can change up the flavor by using different hot cocoa mix flavors. Dark chocolate and salted caramel are two Swiss Miss flavors that would taste great in this recipe!
Want it to be chocolatier? Substitute milk chocolate melting wafers for the vanilla candiquik. Warning: the muddy buddies will be RICH if you choose this option!