That's covered in fondant and fondant toppers, at least $30.00-$36.00/ dozen.
I'm with hippiecac above. Ditto to everything she said, but the detailed fondant 3-D figures (cat, hat, signs, etc.) add $3 for EACH decoration. For the less involved fondant circles with tiny flowers, add $1 minimum per cupcake.
If you are new to this and can achieve that level of perfection (are those your cupcakes or a photo from online?), then those prices are appropriate since nobody else can make them. If you cannot achieve that level of perfection, cut your prices in half.
Since you are "new to this", chances are that the friend will be appalled at a quote of $75 for that exact dozen. However, he's not paying for plain old cupcakes, he's paying for CUSTOM, art cupcakes made-to-order. (In the UK, "bespoke" cupcakes.)
@hippiecac just curious. What is your location? I'm in NY, where people have no problem paying $3.00 for a "gourmet" donut - made with a box mix btw, but when its a home based operation they gawk at paying $15.OO/doz (mini cupcakes).
I'm in NJ and I cater to a higher end clientele. Everything is scratch, nothing artificial and I only use the best (Nielsen Massey Vanilla, etc.) ingredients. Lots of local people charge less, and the people who don't want to pay my prices aren't my target market anyway :) :) :)
i would charge about $10 each for a lot of those toppers plus the cost of the cupcake --the two signs and the flat cupcakes I'd just charge regular price --
i mean if someone wanted cupcakes with a bunch of signs like that I'd certainly upcharge but I'd toss the signs in to this order due to the nearly obscene price I'm already charging for the others
i would not make all that mini stuff for three bucks each meself
I also bake from scratch, all organic, nothing artificial, mostly for friends and family, this is my hobby and I love it. But I get tired of people telling me I should go into business and those same people look at me like I have 2 heads when I start explaining how much my cakes would cost them, to make it worthwhile for me. Thanks for the info. , we're practically neighbors, so it relates. Maybe someday my adult daughter who helps me, might look into opening a business. I like the freedom being a hobbyist gives me. Besides I eat way too much cake for my own good 
time maybe -- but this is art and you should charge for that if you are selling it
but you should be able to make these efficiently
Mojo1210~~ If you are just starting out, start out correctly. If you can't price things correctly, then don't sell them--just give them away as a hobby baker. The baking and decorating is the EASY part; the pricing is the HARD part. If you don't feel comfortable charging 53-60 BGP (British Pounds) or more for the dozen cupcakes above, then you are not selling them, you are doing it for fun and giving them away.
There are literally 1,000's of pricing threads on CakeCentral. If you are serious about selling, invest about 8 hours of online research about pricing.
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