Preheat oven to package directions.
Heat a small skillet over medium-high heat with a drizzle of oil, add bacon and cook 2 to 3 minutes to crisp.
Place biscuit mix in bowl, add bacon and 1 tablespoon drippings, nutmeg. Continue to package directions and form biscuit dough, fold in half cheese, arrange drop biscuits on baking sheet and top with a sprinkle more cheese, bake 10 to 12 minutes to golden.