38407 ÷ 8 = 4800 R7
Alright, let's work through the division of 38407 by 8 step by step.

Step 1:
8 goes into 3 0 times with a remainder of 3.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 3 to get 3.
Bring next digit (8) of the dividend behind the 3 and repeat the process: 38 / 8

Step 2:
8 goes into 38 4 times with a remainder of 6.
Write down 4 as next digit of of the result. 
Result so far: 4
Subtract 32 from 38 to get 6.
Bring next digit (4) of the dividend behind the 6 and repeat the process: 64 / 8

Step 3:
8 goes into 64 8 times with a remainder of 0.
Write down 8 as next digit of of the result. 
Result so far: 48
Subtract 64 from 64 to get 0.
Bring next digit (0) of the dividend behind the 0 and repeat the process: 0 / 8

Step 4:
8 goes into 0 0 times with a remainder of 0.
Write down 0 as next digit of of the result. 
Result so far: 480
Subtract 0 from 0 to get 0.
Bring next digit (7) of the dividend behind the 0 and repeat the process: 7 / 8

Step 5:
8 goes into 7 0 times with a remainder of 7.
Write down 0 as next digit of of the result. 
Result so far: 4800
Subtract 0 from 7 to get 7.

The final result is 4800 with a remainder of 7.