We look at the division of 394342 by 8 
Let's see how many times 8 fits into 394342.

Step 1:
When dividing 3 by 8, we get 0 with a remainder of 3.
Write down 0 as next digit of the result. 
Result so far: 0.0
If we subtract 0 from 3, we get 3.
Grab the next digit (9) from the dividend, add it to 3, then carry on: 39 / 8

On to step 2:
The number 8 fits into 39 4 times, leaving a remainder of 7.
The next digit of our result is 4. 
Result so far: 4.0
Deduct 32 from 39 and we're left with 7.
Include the next digit (4) from the dividend after 7, then repeat: 74 / 8

Step 3:
8 goes into 74 9 times with a remainder of 2.
The number 9 becomes the next digit in our result. 
Result so far: 49.0
If we subtract 72 from 74, we get 2.
Bring next digit (3) of the dividend behind the 2 and repeat the process: 23 / 8

Let's proceed to step 4:
23 divided by 8 is 2 with a remainder of 7.
Put 2 as the next digit of the answer. 
Result so far: 492.0
Deduct 16 from 23 and we're left with 7.
Take the next digit (4) from the dividend and append it to 7, then repeat: 74 / 8

Going ahead to step 5:
If we divide 74 by 8, we get 9 and a remainder of 2.
The number 9 becomes the next digit in our result. 
Result so far: 4929.0
Subtracting 72 from 74 leaves us with 2.
Grab the next digit (2) from the dividend, add it to 2, then carry on: 22 / 8

Advancing to step 6:
If we divide 22 by 8, we get 2 and a remainder of 6.
Put 2 as the next digit of the answer. 
Result so far: 49292.0
If we take 16 away from 22, we end up with 6.
Since there are no more digits in the dividend, we add a zero to the remainder making it 60, and continue the process.

On to step 7:
60 divided by 8 is 7 with a remainder of 4.
Record the quotient 7 as the next digit in the result. 
Result so far: 49292.7
If we subtract 56 from 60, we 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.

On to step 8:
When dividing 40 by 8, we get 5 with a remainder of 0.
The number 5 becomes the next digit in our result. 
Result so far: 49292.75
Deduct 40 from 40 and we're left with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Step 9:
0 divided by 8 is 0 with a remainder of 0.
Record the quotient 0 as the next digit in the result. 
Result so far: 49292.75
Deduct 0 from 0 and we're left with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

Let's proceed to step 10:
0 divided by 8 is 0 with a remainder of 0.
The number 0 becomes the next digit in our result. 
Result so far: 49292.75
Subtracting 0 from 0 leaves us with 0.
Since there are no more digits in the dividend, we add a zero to the remainder making it 0, and continue the process.

In conclusion, the division gives 49292.75 with a balance of 0.0.