Line a baking sheet or a flat surface with parchment paper for easy cleanup.
Follow the instructions on the package to melt the red candy and coconut oil in a bowl.
Using your thumb and forefinger, grab an Oreo and dip each Oreo cookie into the red candy melts, ensuring it's coated but leaving space at the top of the ladybug's head.
Lift the Oreo out and let any excess candy coating drip back into the bowl.
Place the dipped Oreos on the prepared parchment paper.
Next, scatter the sprinkles onto the backs of the ladybugs.
Using the store-bought black cooking icing, make a stripe down the ladybugs' back to create the wing effect.
Now, use the cookie icing as “glue” to add the edible candy eyes near the top center of each Oreo. These will be the ladybug's eyes.
Allow the Ladybug Oreos to fully set and harden at room temperature, or place them in the refrigerator for faster setting. Once the Ladybug Oreos are set, carefully remove them from the parchment paper.