62954 ÷ 8 = 7869 R2
Alright, let's work through the division of 62954 by 8 step by step.

Step 1:
8 goes into 6 0 times with a remainder of 6.
Write down 0 as next digit of of the result. 
Result so far: 0
Subtract 0 from 6 to get 6.
Bring next digit (2) of the dividend behind the 6 and repeat the process: 62 / 8

Step 2:
8 goes into 62 7 times with a remainder of 6.
Write down 7 as next digit of of the result. 
Result so far: 7
Subtract 56 from 62 to get 6.
Bring next digit (9) of the dividend behind the 6 and repeat the process: 69 / 8

Step 3:
8 goes into 69 8 times with a remainder of 5.
Write down 8 as next digit of of the result. 
Result so far: 78
Subtract 64 from 69 to get 5.
Bring next digit (5) of the dividend behind the 5 and repeat the process: 55 / 8

Step 4:
8 goes into 55 6 times with a remainder of 7.
Write down 6 as next digit of of the result. 
Result so far: 786
Subtract 48 from 55 to get 7.
Bring next digit (4) of the dividend behind the 7 and repeat the process: 74 / 8

Step 5:
8 goes into 74 9 times with a remainder of 2.
Write down 9 as next digit of of the result. 
Result so far: 7869
Subtract 72 from 74 to get 2.

The final result is 7869 with a remainder of 2.