40692 ÷ 8 = 5086 R4
Alright, let's work through the division of 40692 by 8 step by step.

Step 1:
8 goes into 4 0 times with a remainder of 4.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 4 to get 4.
Bring next digit (0) of the dividend behind the 4 and repeat the process: 40 / 8

Step 2:
8 goes into 40 5 times with a remainder of 0.
Write down 5 as next digit of of the result. 
Result so far: 5
Subtract 40 from 40 to get 0.
Bring next digit (6) of the dividend behind the 0 and repeat the process: 6 / 8

Step 3:
8 goes into 6 0 times with a remainder of 6.
Write down 0 as next digit of of the result. 
Result so far: 50
Subtract 0 from 6 to get 6.
Bring next digit (9) of the dividend behind the 6 and repeat the process: 69 / 8

Step 4:
8 goes into 69 8 times with a remainder of 5.
Write down 8 as next digit of of the result. 
Result so far: 508
Subtract 64 from 69 to get 5.
Bring next digit (2) of the dividend behind the 5 and repeat the process: 52 / 8

Step 5:
8 goes into 52 6 times with a remainder of 4.
Write down 6 as next digit of of the result. 
Result so far: 5086
Subtract 48 from 52 to get 4.

The final result is 5086 with a remainder of 4.