Preheat oven to 350 Degrees F. Place paper baking cup in each of 12 regular-size muffin cups.
In small bowl, mix flour and baking powder; set aside.
In medium bowl, beat ½ cup butter and the granulated sugar with electric mixer on medium speed 2 minutes or until light and fluffy. Add eggs, 1 at time,
Measure about ¾ cup batter into each of 5 small bowls. For yellow, stir about 6 drops yellow food color into batter in first bowl. Tint second bowl green, with 6 drops green food color; third bowl red, with about 8 drops red food color; fourth bowl blue, with about 10 drops blue food color; and fifth bowl purple, with about 8 drops red food color and 3 drops blue food color.
Spoon scant tablespoon of yellow batter into each cup; smooth to edge of baking cup with back of spoon. Repeat with green, red, blue and purple batters (fill cups to ¾ full).
Bake 18 to 22 minutes or until toothpick inserted in center of cupcake comes out clean. Cool 5 minutes; remove from pan to cooling rack to cool.
In large bowl, beat 1 ½ cups butter, the powdered sugar and salt with electric mixer on medium speed until light and fluffy. Beat in 4 tablespoons of the milk, ½ teaspoon vanilla and ¼ teaspoon coconut extract. Add remaining milk, 1 teaspoon at a time, until frosting is smooth and spreadable. Beat until fluffy.
Pipe or frost about ¼ cup frosting onto each cupcake. Sprinkle with multicolored sprinkles.
2**If your kids aren’t in love with coconut, substitute vanilla flavoring for the coconut extract in the cake and frosting.
If Using a Cake Mix
Substitute 1 box white cake mix for the Cupcakes above. Make cake mix as directed on box for cupcakes, and follow steps 3 and 4 as directed in recipe. For the frosting, substitute 1 container vanilla creamy ready-to-spread frosting mixed with ¼ teaspoon coconut extract. Bake and cool as directed on box. Frost and garnish as directed in recipe. 22 cupcakes
1 Cupcake: Calories 690; Total Fat 35g (Saturated Fat 22g; Trans Fat 1g); Cholesterol 115mg; Sodium 160mg; Total Carbohydrate 90g (Dietary Fiber 0g); Protein 3g Exchanges: 1 Starch, 5 Other Carbohydrate, 7 Fat Carbohydrate Choices: 6