Place the candy melts in a microwave-safe bowl. Microwave in one minute increments, stirring in between until smooth. Lay a large piece of wax paper out on the counter.
Meanwhile measure out the cereal in a large bowl. Once the candy melts are completely smooth, pour them over the cereal and stir well to coat.
Dump the cereal on the wax paper and quickly spread into a thin layer. Quickly scatter bones sprinkles over the top. If you don't do this fast enough the candy melts with dry before the sprinkles can stick. Once dry, break apart and store in a large air-tight container.