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Preheat oven to 350 degrees F and line a muffin tin with cupcake liners. Set aside.
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In a medium-sized bowl, sift together flour, baking powder, baking soda and cocoa powder.
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Using an electric mixer, beat together melted chocolate, butter, egg and sugar until creamy.
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Add vegetable oil and continue mixing.
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Alternate adding dry ingredients and milk into wet ingredients and mix until well-combined.
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Pour hot water and mix.
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Scoop batter into lined muffin pan. Each section should be about 2/3 full of batter.
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Bake for 15 to 17 minutes or until a toothpick comes out clean when inserted in the middle of a cupcake.
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Cool completely (on a wire rack) before frosting with buttercream.
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As the cupcakes cool, you may make the buttercream.
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Start with your vanilla buttercream: use an electric mixer to beat 1 stick butter, 2 cups confectioners’ sugar, 1-2 tbsp milk and vanilla extract. Start on low and gradually increase to high.
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The buttercream is ready once all ingredients are fully mixed and form semi-stiff peaks. Set aside.
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In a separate bowl, prepare your chocolate buttercream. Beat together with your remaining butter, confectioners’ sugar, milk and cocoa powder. Start on low and increase to high.
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Fold both buttercreams together to create a marbled-colored look.
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Scoop buttercream into a piping bag with Wilton #1M attached. Frost each cupcake.
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Enjoy!