In a bowl, whisk together flour, baking powder, and salt. Set aside.
In a stand mixer cream together the butter and sugar until light, fluffy and pale in color.
Slowly add in the cooled coconut oil and mix well.
Stir in the eggs one at a time and mix until combined.
Mix in the vanilla.
Slowly add in the flour mixture and stir until completely mixed in. Be careful not to over mix.
Divide dough into 4 sections to make 4 different colors, and add a few drops of food coloring into each dough section and mix it together (I just use my hands) until it is well combined and the dough is the color you like. Be careful not to over-mix.
Break the pieces up and spread them around a surface covered with wax paper sprinkled with flour; spread the pieces of the dough around so that they are evenly distributed.
Use your hands to bring the dough together slightly.
Sprinkle with a little bit of flour.
Cover with wax paper.
Use a rolling pin over the wax paper to roll the dough out into a flat disk; if you would like the colors to be more swirled, remove wax paper and fold the dough a bit, and then re-roll.
Roll to about ΒΌ inch thick.
Place in the fridge to chill for about 20-30 minutes.
Remove from the fridge and use cookie cutters to cut out shapes. (use these cookie cutters if you want the indentations)
Place on parchment paper.
Sprinkle with sanding sugar.
Bake at 350 degrees for about 10 minutes or until slightly golden on the edges
Allow to cool completely.