We're dividing 940450 by 12 
We're looking to find how many times 12 goes into 940450.

Moving on to step 1:
If we divide 9 by 12, we get 0 and a remainder of 9.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtract 0 from 9 to get 9.
Include the next digit (4) from the dividend after 9, then repeat: 94 / 12

Moving on to step 2:
94 divided by 12 is 7 with a remainder of 10.
Use 7 as the next digit of our solution. 
Result so far: 7.0
If we take 84 away from 94, we end up with 10.
Fetch the next digit (0) from the dividend, attach it to 10 and continue: 100 / 12

On to step 3:
100 divided by 12 is 8 with a remainder of 4.
Put 8 as the next digit of the answer. 
Result so far: 78.0
Subtract 96 from 100 to get 4.
Grab the next digit (4) from the dividend, add it to 4, then carry on: 44 / 12

Let's proceed to step 4:
44 divided by 12 is 3 with a remainder of 8.
Record the quotient 3 as the next digit in the result. 
Result so far: 783.0
If we take 36 away from 44, we end up with 8.
Fetch the next digit (5) from the dividend, attach it to 8 and continue: 85 / 12

Step 5:
If we divide 85 by 12, we get 7 and a remainder of 1.
Use 7 as the next digit of our solution. 
Result so far: 7837.0
If we take 84 away from 85, we end up with 1.
Bring next digit (0) of the dividend behind the 1 and repeat the process: 10 / 12

Step 6:
12 can be fit into 10 0 times, resulting in a remainder of 10.
Put 0 as the next digit of the answer. 
Result so far: 78370.0
Subtracting 0 from 10 leaves us with 10.
Since there are no more digits in the dividend, we add a zero to the remainder making it 100, and continue the process.

Moving on to step 7:
12 goes into 100 8 times with a remainder of 4.
Write down 8 as next digit of the result. 
Result so far: 78370.8
Subtract 96 from 100 to get 4.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

Going ahead to step 8:
12 can be fit into 40 3 times, resulting in a remainder of 4.
Put 3 as the next digit of the answer. 
Result so far: 78370.83
Subtract 36 from 40 to get 4.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

Moving on to step 9:
When dividing 40 by 12, we get 3 with a remainder of 4.
Use 3 as the next digit of our solution. 
Result so far: 78370.833
Subtracting 36 from 40 leaves us with 4.
Since there are no more digits in the dividend, we add a zero to the remainder making it 40, and continue the process.

In conclusion, the division gives 78370.833 with a balance of 0.0004.