In a medium bowl, mix together the cake mix and confectioner's sugar. Set aside.

In a very large bowl with a lid, pour in the Rice Chex cereal.

Melt the Vanilla Candiquik following the directions on the package. When melted, pour the candy over the cereal. Use a wooden spoon to gently fold the candy into the cereal.

Pour on the sprinkles, a little at a time. Gently folding them into the candy and Rice Chex mixture. Continue alternating sprinkles and folding until all of the sprinkles are incorporated.

Pour the cake mix mixture into the very large bowl and continue gently folding.

Place airtight lid on bowl until you are ready to serve.