We're dividing 408764 by 60 
We want to figure out the number of times 408764 can be divided by 60.

Step 1:
4 divided by 60 is 0 with a remainder of 4.
Write down 0 as next digit of the result. 
Result so far: 0.0
Subtracting 0 from 4 leaves us with 4.
Fetch the next digit (0) from the dividend, attach it to 4 and continue: 40 / 60

Moving on to step 2:
60 goes into 40 0 times with a remainder of 40.
The number 0 becomes the next digit in our result. 
Result so far: 0.0
The remainder is 40 after subtracting 0 from 40.
Grab the next digit (8) from the dividend, add it to 40, then carry on: 408 / 60

Step 3:
60 can be fit into 408 6 times, resulting in a remainder of 48.
Put 6 as the next digit of the answer. 
Result so far: 6.0
Deduct 360 from 408 and we're left with 48.
Append the next digit (7) from the dividend to 48 and continue with: 487 / 60

Let's proceed to step 4:
If we divide 487 by 60, we get 8 and a remainder of 7.
Use 8 as the next digit of our solution. 
Result so far: 68.0
If we subtract 480 from 487, we get 7.
Bring next digit (6) of the dividend behind the 7 and repeat the process: 76 / 60

Going ahead to step 5:
The number 60 fits into 76 1 times, leaving a remainder of 16.
Record the quotient 1 as the next digit in the result. 
Result so far: 681.0
If we subtract 60 from 76, we get 16.
Grab the next digit (4) from the dividend, add it to 16, then carry on: 164 / 60

Step 6:
164 divided by 60 is 2 with a remainder of 44.
Put 2 as the next digit of the answer. 
Result so far: 6812.0
The remainder is 44 after subtracting 120 from 164.
Since there are no more digits in the dividend, we add a zero to the remainder making it 440, and continue the process.

On to step 7:
60 goes into 440 7 times with a remainder of 20.
Put 7 as the next digit of the answer. 
Result so far: 6812.7
The remainder is 20 after subtracting 420 from 440.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Advancing to step 8:
60 can be fit into 200 3 times, resulting in a remainder of 20.
Write down 3 as next digit of the result. 
Result so far: 6812.73
Subtract 180 from 200 to get 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

Let's proceed to step 9:
The number 60 fits into 200 3 times, leaving a remainder of 20.
Put 3 as the next digit of the answer. 
Result so far: 6812.733
Subtract 180 from 200 to get 20.
Since there are no more digits in the dividend, we add a zero to the remainder making it 200, and continue the process.

In conclusion, the division gives 6812.733 with a balance of 0.002.