We're dividing 74950678 by 60 
We want to figure out the number of times 74950678 can be divided by 60.

Let's proceed to step 1:
When dividing 7 by 60, we get 0 with a remainder of 7.
Record the quotient 0 as the next digit in the result. 
Result so far: 0.0
Subtracting 0 from 7 leaves us with 7.
Fetch the next digit (4) from the dividend, attach it to 7 and continue: 74 / 60

Moving on to step 2:
60 can be fit into 74 1 times, resulting in a remainder of 14.
The number 1 becomes the next digit in our result. 
Result so far: 1.0
Deduct 60 from 74 and we're left with 14.
Include the next digit (9) from the dividend after 14, then repeat: 149 / 60

Advancing to step 3:
149 divided by 60 is 2 with a remainder of 29.
Put 2 as the next digit of the answer. 
Result so far: 12.0
Deduct 120 from 149 and we're left with 29.
Take the next digit (5) from the dividend and append it to 29, then repeat: 295 / 60

On to step 4:
The number 60 fits into 295 4 times, leaving a remainder of 55.
The number 4 becomes the next digit in our result. 
Result so far: 124.0
Deduct 240 from 295 and we're left with 55.
Include the next digit (0) from the dividend after 55, then repeat: 550 / 60

Step 5:
The number 60 fits into 550 9 times, leaving a remainder of 10.
The next digit of our result is 9. 
Result so far: 1249.0
Deduct 540 from 550 and we're left with 10.
Take the next digit (6) from the dividend and append it to 10, then repeat: 106 / 60

Advancing to step 6:
60 can be fit into 106 1 times, resulting in a remainder of 46.
Write down 1 as next digit of the result. 
Result so far: 12491.0
Subtract 60 from 106 to get 46.
Append the next digit (7) from the dividend to 46 and continue with: 467 / 60

Moving on to step 7:
60 can be fit into 467 7 times, resulting in a remainder of 47.
Record the quotient 7 as the next digit in the result. 
Result so far: 124917.0
If we subtract 420 from 467, we get 47.
Include the next digit (8) from the dividend after 47, then repeat: 478 / 60

On to step 8:
If we divide 478 by 60, we get 7 and a remainder of 58.
The number 7 becomes the next digit in our result. 
Result so far: 1249177.0
Subtracting 420 from 478 leaves us with 58.
Since there are no more digits in the dividend, we add a zero to the remainder making it 580, and continue the process.

Going ahead to step 9:
60 goes into 580 9 times with a remainder of 40.
The number 9 becomes the next digit in our result. 
Result so far: 1249177.9
If we take 540 away from 580, we end up with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Going ahead to step 10:
400 divided by 60 is 6 with a remainder of 40.
The next digit of our result is 6. 
Result so far: 1249177.96
Deduct 360 from 400 and we're left with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

Step 11:
The number 60 fits into 400 6 times, leaving a remainder of 40.
Use 6 as the next digit of our solution. 
Result so far: 1249177.966
Deduct 360 from 400 and we're left with 40.
Since there are no more digits in the dividend, we add a zero to the remainder making it 400, and continue the process.

In conclusion, the division gives 1249177.966 with a balance of 0.004.